Labour to ditch £28bn annual green investment pledge, party sources say

Exclusive: Party will keep plan to invest in green infrastructure but will in effect cut green ambitions by about two-thirds

Keir Starmer and Rachel Reeves are ditching Labour’s flagship policy pledge to spend £28bn a year on green investment, party sources have said.

The sources said the party will keep the core mission of investing in green infrastructure, as well as already announced plans such as the creation of GB Energy, a publicly owned clean energy company, and a mass home insulation programme.