Labour Scales Back £28bn Green Investment Pledge

In a significant policy shift, Labour has reduced its green investment commitment by over 80%, citing fiscal responsibility amid economic changes.

Labour has dramatically reduced its green investment pledge from £28bn a year to £4.8bn, marking a major policy reversal.
The decision has sparked concerns among environmentalists and party members about the commitment to tackling climate change.
Shadow Chancellor Rachel Reeves cited rising government borrowing costs and economic changes as reasons for the scaled-back investment.
Critics argue the move threatens Labour's growth plan and could impact the UK's transition to net zero and energy independence.
The policy shift has led to internal tensions within the party, with some members questioning the leadership's commitment to its original green agenda.