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Rachel Reeves Refuses to Commit to £28bn Green Investment Plan

Shadow chancellor blames former Tory PM Liz Truss for dire economic conditions, accuses Conservatives of 'scorched earth' strategy

  • Rachel Reeves, the shadow chancellor, refused to commit to Labour's £28 billion green investment plan, stating that the economic outlook has changed since the plan was announced.
  • Reeves blamed the former Tory prime minister, Liz Truss, for the change in economic conditions, citing her mini-Budget as the cause of increased mortgages and an overall dire economic inheritance for the next government.
  • Reeves accused the Conservatives of a 'scorched earth' strategy, claiming they planned to leave as little fiscal headroom as possible to create difficulties for an incoming Labour administration.
  • Reeves also stated that she wants taxes on working people to be lower across the income distribution, emphasizing fiscal responsibility.
  • Despite the uncertainty around the £28 billion figure, Reeves affirmed the importance of the green prosperity plan and the need to invest in the industries of the future.
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