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Stern Calls for Miliband as Chancellor to Fund Green Recovery

7/5/2026

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Summary

Story summary

Nicholas Stern, former Treasury chief economist, urged appointing Ed Miliband as chancellor to deliver climate-focused spending for the UK’s recovery.
He said the £1.4 trillion budget should fund clean energy, modern transport and city infrastructure, not more North Sea oil licences.
Lucy Powell and Josh Ryan-Collins praised Miliband, saying green investment can create well-paid jobs in poorer regions and support workers in the transition.

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Story summary

Nicholas Stern, former Treasury chief economist, urged appointing Ed Miliband as chancellor to deliver climate-focused spending for the UK’s recovery.
He said the £1.4 trillion budget should fund clean energy, modern transport and city infrastructure, not more North Sea oil licences.
Lucy Powell and Josh Ryan-Collins praised Miliband, saying green investment can create well-paid jobs in poorer regions and support workers in the transition.