The Guardian view on Labour's green prosperity plan: the right strategy for Britain | Editorial

The country desperately needs a government prepared to invest big, to catch up with new economic times Placing a speculative price tag on Labour party spending plans is, of course, a time-honoured pre-election manoeuvre by Conservative governments. In January 1992, as John Major seeded the ground for what turned out to be a fourth successive Tory victory later that year, voters were warned of a "tax bombshell" costing the average taxpayer ?1,000. The calculations were spurious but politically damaging.A year or so away from the next election, the front-page headline in one newspaper on Tuesday read: "Families face ?1,000 a year bill for Labour eco plans". Ministers are warning that the cost of the green strategy outlined by the shadow chancellor, Rachel Reeves, would spook markets and drive up mortgage rates. Continue reading...