UK's Labour to back out of 28 billion stg green pledge -BBC
The party is no longer looking to commit to the investment in green energy projects, but plans to create a publicly-owned green power firm are not being dropped altogether from its Green Prosperity Plan, the report said. Last week, the party's finance policy chief Rachel Reeves defended the target to spend 28 billion pounds a year on green projects in the second half of a Labour government, but said she would not break "iron-clad" fiscal rules to reach it. Labour has sought to portray itself as the only party which can spur economic growth by investing heavily in green technol...