The comments made by Ed Miliband, the Shadow Secretary of State for Business, on 1 March 2021.
We are at a pivotal moment for our country as we look towards recovery. The UK is experiencing an unemployment crisis and a climate emergency that will define the next decade. Rather than go back to business as usual, Labour believes we need bold action now to tackle these crises together and create a better future – by creating secure jobs in the clean industries that should be at the heart of our economy.
In this Budget it’s crucial we see support to help besieged businesses survive immediate pressures, but we also need stimulus on an ambitious scale to boost businesses’ competitiveness and support their green transition, and to create jobs – especially for young people that have seen opportunities dashed during the pandemic.
Labour is calling for £30bn planned capital investment to be strategically and rapidly invested in low-carbon sectors. From investing in electric battery development and green steel technologies to secure a long-term future for our manufacturers, to investing in offshore wind to create jobs in coastal communities, Labour would target funding to create opportunities right across the country.
The Government’s rhetoric offers simply a green mirage, but without meaningful action and investment it will remain a mirage. We need a proper green stimulus plan not empty words.