Labour’s Reeves won’t commit to £28bn pledge – after being asked 10 times
Rachel Reeves has refused to commit to Labour’s pledge of investing £28bn in green technologies if her party wins the next election.
Asked 10 times by Sky News’ political editor Beth Rigby if the policy remained in place, the shadow chancellor appeared to dodge the question.
Instead, she pointed to increasing government debt and “the Tory damage to our economy”, promising she would “never play fast and loose with the public finances” were she to take the keys to Number 11.
Politics live: Starmer gives major business speech – after Speaker admits calling Labour leader ‘PM’
Ms Reeves first announced the £28bn pledge at the party’s 2021 conference, saying there would be “no dither or delay” in spending to tackle the climate crisis – and encouraging private sector investment into green projects in the process.
But she watered down the policy last summer, saying the figure would instead be a target to work towards – and blaming rising interest rates and the “damage” the Conservatives had done to the economy for the change in direction.
The costly pledge has long been used by the Tories to attack Labour’s fiscal responsibility, following Rishi Sunak’s decision to scrap a number of the government’s own green pledges.
And in recent weeks, it has appeared to be hanging by a thread, with some Labour figures calling on the party to drop the plan altogether rather than leave themselves open to government criticism.
But on Sunday, shadow business secretary Jonathan Reynolds insisted to Sky News it was still the “ambition”, even if the timetable could fall back.
Please use Chrome browser for a more accessible video player
Climate change: What is Labour promising?
Asked by Beth Rigby to be “straight with voters” over whether she could commit to the £28bn investment plan, Ms Reeves said: “Well, the Conservatives crashed the economy and sent mortgage rates and the cost of government borrowing soaring. And that does change what will be possible for an incoming Labour government.
“But there’s going to be at least one more budget on 6 March, possibly another one later in the year, before we get those final numbers of what I hope an incoming Labour government, if we win the election, would inherit.
“And I’ve been really clear that all of our policies will be subject to the fiscal rules to get debt falling as a share of GDP.”
Pushed to answer the question again, Ms Reeves repeated her concerns about the cost of debt and borrowing, and hinted at moving away from the pledge.
“If there’s one thing that I hope voters know about me it is that I will never play fast and loose with the public finances, because when you do, you play fast and loose with family finances and you affect businesses as well,” she said.
“I will never do that. The fiscal rules will come first and all of our policies will be subject to the iron discipline.”
Politics Hub with Sophy Ridge
Sky News Monday to Thursday at 7pm.
Watch live on Sky channel 501, Freeview 233, Virgin 602, the Sky News website and app or YouTube.
The shadow chancellor did name certain green projects Labour wanted to invest in, including green hydrogen, carbon capture and offshore wind.
But she again cast doubt on the policy, saying: “We want to make those investments alongside business in the opportunities of the future. But everything has to be affordable.
“I think what people can hear loud and clear is that all of our policies will be fully costed, fully funded and subject to fiscal rules.”
Asked to acknowledge if Labour will not hit the £28bn figure, Ms Reeves replied: “What I absolutely acknowledge is the state of the public finances… the Tory damage to our economy is very different from when we first set out our ambitions.
Click to subscribe to the Sky News Daily wherever you get your podcasts
“And the governments have sent interest rates soaring because of their recklessness and irresponsibility with the economy. And that does affect what an incoming Labour government would do.”
The shadow chancellor concluded: “All of our policies, and I know, I will just repeat it one more time, are subject to the fiscal rules and the Green Prosperity Plan is no exception.”
The former leader of Reform UK in Wales has been sentenced to 10 and a half years after he admitted accepting tens of thousands of pounds in cash to make pro-Russian statements to the media and European Parliament.
Nathan Gill had “abused a position of significant authority and trust” and was “motivated by financial and political gain”, said Mrs Justice Cheema-Grubb during remarks at the Old Bailey on Friday.
Gill, 52, of Anglesey, North Wales, had previously pleaded guilty to eight counts of bribery between 6 December 2018 and 18 July 2019, corresponding to his time as an MEP.
Nathan Gill is surrounded by media as he arrives at the Old Bailey. Pic: PA
The Old Bailey heard his activities were linked to pro-Russian statements about Ukraine while he was a member of the UK Independence Party (UKIP) and subsequently the Brexit Party.
Following an investigation by counter-terrorism police, officers said they believe Gill likely took a minimum of £40,000 in cash and was offering to introduce other British MEPs so they could be bribed. Officers also said they believed some individuals in this case had a direct link to Vladimir Putin.
Nathan Gill pleaded guilty to eight counts of bribery. Pic: Met Police
Prosecutor Mark Heywood KC previously told the court the bribery offences related to Gill’s association with pro-Russian Oleg Voloshyn, who had been a Ukrainian government official before 2014 and was sanctioned by the UK in 2022.
Gill’s activities emerged in WhatsApp messages after he was stopped at Manchester Airport on 13 September 2021.
He was about to board a flight to Russia to be an observer in elections there.
Bundles of cash recovered
Police said the messages revealed Voloshyn had tasked Gill to make pro-Russian statements on a reward basis. Counter-terrorism officers said the text of some speeches was provided to Gill, which he delivered almost word-for-word.
In other cases, he was paid to offer commentary to news outlets, such as the pro-Russian media organisation 112 Ukraine.
A search of his home in Wales also uncovered thousands in euros and dollars.
Bundles of cash were recovered from Gill’s home. Pic: Met Police
Pic: Met Police
Greed ‘primary motivation’
Commander Dominic Murphy, head of the Metropolitan Police Counter Terrorism Command, described Gill as being motivated by money.
“It appears… greed was his primary motivation. But I think there’s an element of him that had a pro-Russian stance as well, but only he can answer that question, to be honest with you, he never told us that.”
Gill was interviewed in March 2022 and made no comment. He was charged and appeared in court in February 2025.
Gill said no comment when interviewed by officers in 2022. Pic: Met Police
‘A grave betrayal of trust’
During sentencing, Mrs Justice Cheema-Grubb described Gill’s offending as “sophisticated” and “a grave betrayal of the trust vested in you by the electorate”.
She told him: “You accepted payments from foreign nationals, made statements on important international matters at their behest, utilised scripted material presented as your own, and orchestrated the involvement of other MPs.
“Your misconduct has ramifications far beyond personal honour, which is now irretrievably damaged. It erodes public confidence in democracy when politicians succumb to financial inducement.”
Gill was paid to offer commentary to pro-Russian media outlet, 112 Ukraine. Pic: Met Police
Other UK politicians at risk
Commander Murphy said that police were continuing to investigate other MEPs, including some from the UK.
“What we do know from the conversations with [Oleg] Voloshyn is that Nathan Gill actually offered his services to contact other MEPs, mostly UK MEPs, to also make statements that might be supportive of a Russian position in Ukraine,” he said.
He added: “I do believe that some of the individuals in this case do have direct connections to Vladimir Putin. And I have no doubt that if we were able to, we could follow this trail and it would lead straight to Moscow.”
Commander Dominic Murphy believes greed was Gill’s primary motivation
Gill led the Welsh wing of UKIP between 2014 and 2016 and was a member of the Senedd between 2016 and 2017.
He was an MEP between 2014 and 2020, but left UKIP in 2019 to join Nigel Farage’s Brexit Party – later Reform UK.
Political fallout after prison term
Police have confirmed Nigel Farage has not been part of this investigation, but political rivals have called on the Reform UK leader to launch a thorough investigation.
Defence minister Al Carns, a former colonel in the Royal Marines, said Gill’s actions were “a disgrace”. He added: “I just think wherever we see Russian influence in UK politics, it’s got to be weeded out.”
Read more from Sky News:
Zelenskyy reacts to peace plan
Europe cannot reject Trump’s plan
Britain warns Russia over spy ship
Meanwhile, Liberal Democrat leader Sir Ed Davey said “a traitor was at the very top of Reform UK”, referring to Gill, but also launched a direct attack on Mr Farage by calling him, and his party, “a danger to national security”.
“Nigel Farage himself was previously paid to be on Putin’s TV channel, Russia Today, and said he was the world leader he admires the most.
“We must all ask – where do his loyalties really lie? We need a full investigation into Russian interference in our politics,” he said.
Reform UK, which previously kicked Gill out of the party, said in a statement: “Mr Gill’s actions were reprehensible, treasonous and unforgivable. We are glad that justice has been served and fully welcome the sentence Nathan Gill has received.”
Liz Saville Roberts, Plaid Cymru’s Westminster leader, welcomed Gill’s jail sentence “for his acts of betrayal in taking bribes from Russia”.
In a statement, she said: “If the former Reform UK leader in Wales was part of a broader, co-ordinated effort to advance Moscow’s agenda within our democratic institutions, then the public deserves to know the full truth, and how far Russian money and influence reached into Nigel Farage’s inner circle.”
Britons buying cocaine on a Friday night could be inadvertently funding Russia’s war in Ukraine.
The National Crime Agency has revealed a billion-dollar money laundering network is operating in 28 towns and cities across the UK.
Couriers collect “dirty” cash generated from drugs, firearms and immigration gangs, which is then converted into cryptocurrency.
Officials say these illicit transactions have a direct link to “geopolitical events causing suffering around the world”.
This network was first exposed because of Operation Destabilise – and to date, 128 arrests have been made, with more than £25m in cash and digital assets seized.
A poster put up in motorway service station toilets by the NCA. Pic: PA
According to the NCA, the enterprise is so prolific that it purchased a bank to facilitate payments that supported Russia’s military efforts and helped sidestep sanctions.
Posters have been put up in motorway service stations to target couriers, which warn it is “just a matter of time” before they will be arrested.
The NCA’s deputy director for economic crime, Sal Melki, has warned the threat posed by this money laundering network is significant.
He added: “Cash couriers play an intrinsic role in this global scheme. They are in our communities and making the criminal ecosystem function – because if you cannot profit from your crimes, why bother.
“They are paid very little for the risks they take and face years in prison, while those they work for enjoy huge profits.”
Mr Melki went on to warn that “easy money leads to hard time” – and earning just a few hundred pounds through laundering could lead to years behind bars.
Sal Melki
The NCA says Operation Destabilise has already had an impact in criminal circles, with some members of the network now reluctant to operate in London.
Those involved in the money laundering effort have also started to charge higher fees – reflecting the difficulty of cleaning ill-gotten gains.
Cryptocurrencies are often regarded as a haven for criminals because they are perceived to be anonymous, but it is possible to trace these transactions.
Chainalysis is a company that monitors suspicious activity on blockchains, a type of database that keeps records of who sends and receives digital assets – as well as how much.
Its vice president of communications Madeleine Kennedy told Sky News: “Public blockchains are transparent by design, which makes cryptocurrencies a poor vehicle for money laundering.
“With the right tools, law enforcement can trace illicit funds – whether they’re connected to drug trafficking, sanctions evasion, or cybercrime – and use those insights to disrupt networks and recover assets.”
Read more:
Sky News joins police raid on Turkish barber shop
Crypto scammer jailed after UK’s biggest Bitcoin bust
Ekatarina Zhdanova. Pic: NCA
Last December, a global investigation led by the NCA smashed two networks whose money laundering activities were prevalent in 30 countries.
Bundles of cash were seized during raids, with detectives describing Smart and TGR as the invisible link between “Russian elites, crypto-rich cybercriminals and drug gangs in the UK”.
One of the network’s ringleaders, a Russian national called Ekatarina Zhdanova, is currently in custody in France and awaiting trial for separate financial offences.
Security minister Dan Jarvis added: “This complex operation has exposed the corrupt tactics Russia used to avoid sanctions and fund its illegal war in Ukraine.
“We are working tirelessly to detect, disrupt and prosecute anyone engaging in activity for a hostile foreign state. It will never be tolerated on our streets.”
-
Sports2 years agoStory injured on diving stop, exits Red Sox game
-
Sports3 years ago‘Storybook stuff’: Inside the night Bryce Harper sent the Phillies to the World Series
-
Sports2 years agoGame 1 of WS least-watched in recorded history
-
Sports3 years agoButton battles heat exhaustion in NASCAR debut
-
Sports3 years agoMLB Rank 2023: Ranking baseball’s top 100 players
-
Sports4 years ago
Team Europe easily wins 4th straight Laver Cup
-
Environment3 years agoJapan and South Korea have a lot at stake in a free and open South China Sea
-
Environment1 year agoHere are the best electric bikes you can buy at every price level in October 2024