Labour drops green investment plans in favour of fiscal discipline

The UK Labour party has pledged to invest £5bn a year in green investments, a paltry sum compared with its previous promise of £28bn

The UK government’s main opposition party is under fire for ditching a pledge to invest £28bn annually in green energy. Instead, Labour leader Sir Keir Starmer has announced that his party, if elected to lead the UK in the next general election, would spend £24bn over the entire next parliament, equivalent to just under £5bn a year.