Home » Labour cuts £28bn green investment pledge by half

Labour cuts £28bn green investment pledge by half

Keir Starmer announces party will now spend less than £15bn on green projects a year if it wins election

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Labour has cut its green investment plans by half, as Keir Starmer ended weeks of speculation to confirm the biggest U-turn of his leadership in a move designed to bolster the party’s chances at the general election.

Starmer and his shadow chancellor, Rachel Reeves, announced on Thursday that they were cutting the scale of the green prosperity plan from £28bn a year to under £15bn, only a third of which will be new money.

Continue reading… The Guardian Read More Keir Starmer announces party will now spend less than £15bn on green projects a year if it wins electionUK politics live – latest updatesLabour has cut its green investment plans by half, as Keir Starmer ended weeks of speculation to confirm the biggest U-turn of his leadership in a move designed to bolster the party’s chances at the general election.Starmer and his shadow chancellor, Rachel Reeves, announced on Thursday that they were cutting the scale of the green prosperity plan from £28bn a year to under £15bn, only a third of which will be new money. Continue reading…