Net zero target will cost 'hundreds of billions', Labour MP says in leaked recording; Shadow chief secretary to the Treasury indicates £28bn a year not enough to achieve Britain's decarbonisation goal

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  • Author(s): By:Jim Pickard and Attracta Mooney in London
  • Source:
    Financial Times (London, England), June 26, 2024 FT.com site, 3pp
  • Additional Information
    • Abstract:
      A Labour frontbencher has admitted decarbonising the British economy in the long term will cost "hundreds of billions" of pounds in comments that have been criticised by Conservative opponents. Darren Jones, shadow chief secretary to the Treasury, was recorded earlier this year at a public meeting in Bristol talking about Labour's £28bn-a-year "green prosperity plan", which has since been cut back to £5bn a year...