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Labour set to finally abandon £28 billion green investment promise in major U-turn

It comes just days after Sir Keir said £28bn of annual investment in green initiatives was “desperately needed”

By Kate Devlin,Archie Mitchell

Sir Keir Starmer is set to abandon Labour’s policy to spend £28bn a year on environmental projects in a major U-turn by the party.

The party leader is expected to confirm that the pledge is being scaled back, blaming a more difficult economic outlook since it was first unveiled in 2021.

It comes just days after Sir Keir said £28bn of annual investment in green initiatives was “desperately needed” and that his support for the spending plan was “unwavering”. Labour sources said the party will instead focus on previously-announced plans to get Britain off fossil fuels.

Read Full Article Here…(independent.co.uk)


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