This means we need to shift gear if we are to avoid another crisis, and fuel the economy through investment. In this respect, the Labour party should be applauded for talking about a “green industrial revolution”. But the 10-year green transformation fund is a good start and will cost £25bn a year. So, here too, there should be fewer backroom deals, fewer handouts and more transformation with a public purpose. Labour is also planning to spend £30bn a year in a social transformation fund to put back into the NHS, schools and social services the money that was siphoned out from 10 years of austerity.

Source: The Guardian November 24, 2019 08:14 UTC