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7 February 2024

Letter of the week: Windfall power

Write to letters@newstatesman.co.uk to have your thoughts voiced in the New Statesman magazine.

By New Statesman

Andrew Marr’s discussion of what Labour might and might not promise (Politics, 2 February) includes the possible fate of the £28bn-a-year green investment fund.

Perhaps like many others, I have difficulty understanding the significance of such numbers. Shell’s annual profit is down for last year to £22bn; HMRC’s estimate of annual taxes lost is around £35bn; the same issue of the New Statesman estimates at least £33bn is lost annually to fraud and corruption. And elsewhere Elon Musk’s recently contested payout from Tesla was £44bn. Is £28bn a year to try to secure our future a big sum or not?
Duncan MacIntyre, Eaglesham, Glasgow

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