Labour has cut its green investment plans by half, ending weeks of speculation and confirming the biggest and most controversial U-turn of Keir Starmer’s leadership.
In a move that prompted an angry response from environmental groups, unions and some in the energy sector, Starmer and Rachel Reeves, the shadow chancellor, jointly announced they would slash the green prosperity plan from £28bn a year to under £15bn – only a third of which would be new money.
