Assessing Labour’s Energy Agenda: Does It Meet UK’s Needs? ...Middle East

Shadow Chancellor Rachel Reeves watered down Labour’s ambitious climate pledges last week, slashing plans to invest £28bn per year in green industry. The party’s pledged Green Prosperity Plan, which Reeves herself announced in 2021, has fallen victim to Labour’s fiscal rules – as the opposition seeks to bolster its economic credibility ahead of next year’s election. Instead, Labour will boost investment over time, reaching £28bn a year after 2027 – over halfway through its first term in…

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