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The Spring 2024 budget was extremely light on green spending announcements – making it one of the “least green budgets” of recent years according to reporting in The Guardian.
Given that the net zero economy is booming across the country – and that both voters and MPs see clean energy as the sector most likely to generate further growth – the absence of additional green investment is perhaps the most striking climate takeaway.
There were a smattering of ‘green tinged’ announcements (rounded up by Carbon Brief) which included:
The budget did not include any measures to reduce the cost of charging electric vehicles (EVs) – something that the former Top Gear journalist Quentin Wilson’s FairCharge campaign had been calling for. In fact, by extending the freeze on duty charged on petrol and diesel fuels, the budget prioritised petrol and diesel motoring over EVs.
In the wake of Labour’s announcement that their green investment pledge would be scaled back, the Energy and Climate Intelligence Unit (ECIU) commissioned snap polling from Opinium.
Only 14% of people reported being ‘very aware’ of Labour’s (previously) proposed £28 billion a year investment plans. This is worth noting, as a significant amount of debate within green policy circles has focused on this specific number (but most of the public wasn’t aware of it in the first place).
Roughly double the number of people (26%) said they were ‘very aware’ of the decision to reduce the £28 billion pledge, though, suggesting that for a significant number of people, the intense media debate around whether or not Labour would ‘U-turn’ would have been the first time they had encountered the policy.
Read our analysis taking stock of what the policy shift from Labour is likely to have meant to voters here.
Writing for Labour List, More in Common’s Luke Tryl sets out why there is a chance to increase support among crucial ‘Red Wall’ voters (represented by the Loyal Nationals audience in More in Common’s Britain’s Choice model), arguing that:
Perhaps the area with the greatest potential lies in Labour’s green prosperity plan. Public support for the plan is high at 57%, rising to 61% among loyal national voters and a mammoth 84% among the group of voters who opted for the Conservatives in 2019 but who are now voting Labour.
Coupled with Public First polling showing that delaying net zero whilst failing to tax oil and gas companies is a vote loser, there is clearly a space for making a bolder, fair pitch to the electorate on green policies: consistent political leadership is an essential piece of the puzzle for building public support for the specifics of the transition.
Voters want political leadership on climate change
In early 2024, Labour announced a reduction in its green investment commitments if it were to win power. Voters want consistency on climate change, whichever party is in power.