Labour Blames Government as It Ditches £28 Billion Flagship Green Policy Pledge

Published on February 9, 2024

Labour has ditched its flagship policy of spending £28 billion a year on a green prosperity plan as Sir Keir Starmer blamed interest rates and the government. “I can’t ignore the fact the Conservatives have done huge damage to the economy,” said Sir Keir, referring to former Prime Minister Liz Truss and former Chancellor Kwasi Kwarteng’s 2022 mini-budget and the consequent reaction by the City of London which sent interest rates shooting up. Labour’s original promise was that as soon as they came into power they would spend £28 billion annually on renewable energy projects, home insulation, and various other transitions to a green economy....

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