A senior Labour frontbencher confirmed the party has ditched its commitment on green spending
Rain Newton-Smith, the CBI director general, has welcomed Labour’s approach to business as set out yesterday at the party’s business conference.
In an interview with LBC, she said:
It was great to see Rachel Reeves, the shadow chancellor, and Keir Starmer clearly setting out that they absolutely want to work in partnership with business were they to be in power, which of course is great news for us.
Reeves in her speech set out that, were she to become chancellor, she would set up a corporate tax roadmap within the first six months, which I think is really important and something that the CBI has long been calling for.
The number that we will get to [for green investment], if we are in government, will be subject to two things.
Firstly, it will be subject to the state of the economy. We know we’re going to inherit a bad economy from the Conservatives, but we have plans to turn that around, and of course, we hope to be successful doing that. But it will also be subject to case-by-case business cases that if, I’m the chief secretary to the Treasury in the next Labour government, I will have to sign off.
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