Labour’s ‘Borrowing for investment’ is the Net Zero transition in disguise – and could cost the UK nearly £7 trillion
By Bob Lyddon – 3 minute read LABOUR’S ‘borrowing for investment’ will part-finance the Net Zero transition in a repeat of New Labour’s Private Finance Initiative and the EU’s InvestEU, and cost the UK nearly £7 trillion. The Labour Government’s Climate Change Committee’s Carbon Budgets are a dangerous fiction in that they exclude these financing costs. [...]