Labour Backtracks on £28 Billion Green Investment Pledge

Labour Backtracks on £28 Billion Green Investment Pledge
Wind turbines adorn the landscape in the Southern Lake District, in Lambrigg, England, on Nov. 25, 2022. Christopher Furlong/Getty Images
Alexander Zhang
Updated:

Labour has watered down its multi-billion-pound “green prosperity plan,” saying it will prioritise “financial stability” if it wins the next general election.

The opposition party had promised in 2021 to invest £28 billion a year until 2030 in green projects if it came to power.