Skip to main content
Work with the NEU
What exactly is the Green Prosperity Plan?
Is it a massive injection of public cash to the tune of billions — or is it another ‘fund’ to attract private finance? Don’t get your hopes up, writes SOLOMON HUGHES

THE Labour Party’s biggest remaining promise is a Green Prosperity Plan, promising to spend “£28 billion per year” investing in green jobs and insulation. That sounds like a big offer. But what does it say in the small print?

Shadow chancellor Rachel Reeves’s plan is modelled on Joe Biden’s Inflation Reduction Act. Looking at Biden’s scheme gives us clues to what will happen with Reeves’s plan.

Biden’s Inflation Reduction Act (IRA) is a trimmed-down version of his original “build back better” plan. That was an ambitious, New Deal-style mix of social and economic investment.

The 95th Anniversary Appeal
Support the Morning Star
You have reached the free limit.
Subscribe to continue reading.
Similar stories
bills
Editorial / 31 October 2025
31 October 2025
Chancellor of the Exchequer Rachel Reeves after she gave her keynote speech during the Labour Party Conference at the ACC Liverpool, September 29, 2025
Editorial: / 16 October 2025
16 October 2025
CRINGING SERVILITY: Sir Keir Starmer picks up UK US trade deal papers dropped by Donald Trump at the G7 summit in Kananaskis, Alberta, Canada, June 16 2025
Features / 5 July 2025
5 July 2025

Under current policy, welfare cuts are just a small downpayment on future austerity, argues MICHAEL BURKE

Alex Gordon
Anti-arms / 23 May 2025
23 May 2025

RMT’s former president ALEX GORDON explains why his union supports defence diversification and a just transition for workers in regions dependent on military contracts, and calls on readers to join CND’s demo against nuclear-armed submarines on June 7