The Independent

Labour drops £28bn-a-year green spending pledge

Source: PA Wire

Labour has ditched a pledge to invest £28 billion-a-year on environmental projects in a major U-turn following months of uncertainty about the plan, in a move set to disappoint green campaigners.

Sir Keir Starmer confirmed that the pledge, central to Labour’s flagship Green Prosperity Plan, will be drastically scaled back with the party now set to spend £23.7 billion over the course of the next parliament.

The Conservatives had seized on the original figure as a key attack line in the run-up to an election this year, claiming Labour would ultimately have to raise taxes to meet the “unfunded spending spree”.

The party’s Warm Homes Plan, a £6 billion package of measures to improve energy efficiency, is set to be one of

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