The UK Labour Party, under Sir Keir Starmer, has reversed its stance on a key environmental policy, dropping the £28 billion per year green investment pledge. Starmer justified the decision by blaming the Conservative Party for 'wrecking the economy' and wanting to avoid a 'row about the size of a cheque'. The party now intends to invest £23.7 billion over five years, which equates to nearly £5 billion annually, a significant reduction from the initial proposal. This funding will come from a mix of borrowing and a windfall tax. Ed Miliband has expressed his support for this decision. Additionally, the party has scaled back its home insulation scheme, aiming to insulate 5 million homes by 2030 instead of the previously targeted 19 million.
"Denials, hints and Keir Starmer doubling down all the way along..." @SamCoatesSky reacts to Labour's announcement to ditch a flagship pledge to spend £28bn-a-year on green investments. #PoliticsHub https://t.co/GlTNastFii 📺 Sky 501, Virgin 602, Freeview 233 and YouTube https://t.co/zPJ81oQgM7
Opposition leader Keir Starmer shredded his pledge to spend £28 billion a year transitioning the UK to green energy, the clearest sign yet of his of his party's determination to avoid Tory attacks over taxes https://t.co/KPWZtdDfpF
Keir Starmer defends Labour U-turn on £28bn green spending https://t.co/CkeMO5dYY0
Why did Labour U-turn on its £28bn green spending plan? https://t.co/ZPMdVKxCmx
Labour's Sir Keir Starmer has announced the party is ditching its pledge to spend £28bn-a-year on green investments. 🎧On the #Daily podcast, @skynewsniall explores this latest backtrack with our deputy political editor @SamCoatesSky and our science and tech editor @t0mclark3 👇
"We won’t reach the £28 billion" Sir Keir Starmer confirms Labour’s green U-turn to @ChrisMasonBBC https://t.co/o8tTZOQNlk https://t.co/0PJjchXVYW
🌍Labour cuts its green investment plans by half as Keir Starmer ends weeks of speculation to confirm biggest U-turn of his leadership - full report from @kiranstacey & @fionaharvey https://t.co/u1fDL0rfTj
🔺 NEW: Sir Keir Starmer has confirmed he is abandoning plans to insulate 19 million homes in a decade and Labour’s signature pledge to spend £28 billion a year on green energy https://t.co/WbQNJlBh1s
Labour's green dream wilts as £28billion spending pledge is ditched https://t.co/HWSzBaySLv
The UK Labour Party's pledge to spend £28 billion on green policies is finally dead. So what are they proposing instead? Get The Readout with @Hariboconomics https://t.co/vcnsaDZyZa
"Just 48 hours ago, Keir Starmer was defending the headline figure of £28bn, but now it is no more." Deputy political editor @SamCoatesSky discusses Labour's decision to U-turn on their £28bn green spending pledge https://t.co/PAiZ4D1jU3 📺 Sky 501 and YouTube https://t.co/0Un7TfSfxo
🚨 BREAKING: Keir Starmer axes plans to insulate millions of homes in U-turn on £28billion green spending plan. Starmer claims that the state of the economy has meant it has become unaffordable. 🔓 Become a GB News Member: https://t.co/mNsRsGC8ef https://t.co/qOUOJTb0lz
🔴 Labour fury over Starmer’s ‘stupid decision’ to ditch £28bn green pledge. Read more here 👇 https://t.co/pTRc4BnCxC
Keir Starmer finally abandons the £28bn pricetag on Labour's green plan He's downgraded promise to insulate 19 million homes in a decade to 5 million by 2030. On the £28bn, Starmer says: “We put that number out there two and a half years ago when interest rates were much, much…
Keir Starmer slashes £28bn green spending pledge to £4.7bn in major U-turn https://t.co/UxiAIPgBVx
Keir Starmer and Rachel Reeves announce dramatic cut in Labour’s green plan from £28bn a year to just £4.7bn, reports @georgeeaton. https://t.co/uisXNDCHG9
NEW: Keir Starmer blames Tories for wrecking economy as Labour ditches £28billion green pledge https://t.co/k4SkhTnIys
SHADES OF GREEN: British opposition leader Keir Starmer (who the polls say would be the next UK Prime Minister) has slashed his pledge to spend £28 bn ($35 bn) a year in green investment, reducing the target by more than 80% to about £4.7 bn ($6 bn) per year | #ClimateCrisis
BREAKING: Labour confirms U-turn on £28bn green spending pledge. 🔗 Read more 👇 https://t.co/tcWZLJ12Zq
Keir Starmer confirms Labour will ditch £28bn green pledge blaming Tories for ‘crashing the economy’ https://t.co/B9estDOqaR
Opposition leader Keir Starmer shredded his pledge to spend £28 billion a year transitioning the UK to green energy, the clearest sign yet of his of his party's determination to avoid Tory attacks over taxes https://t.co/9ghB1kFsHk
Keir Starmer shreds Labour’s £28b-a-year green energy plan New annual spending target just £4.74b £2.2b will come from an extended windfall tax on oil and gas firms £2.6b from borrowing All the details here from @elashton @Joe_Mayes @PhilAldrick >>> https://t.co/pHoug9dM8R
Sir Keir Starmer confirms Labour will not spend £28bn a year on green plan - blaming Tories for "crashing the economy" https://t.co/cGjObD856y
"That figure is effectively stood down." Labour leader Sir Keir Starmer confirms the party is ditching a flagship pledge to spend £28bn-a-year on green investments if it wins the next general election. https://t.co/05ozMhtBVr 📺 Sky 501, Virgin 602, Freeview 233 and YouTube https://t.co/a1OSkBP1rC
Keir Starmer just admitted he has no plan to pay for the £28 billion spending spree Labour have been talking about for years. The choice is clear: stick with our plan that’s working, or go back to square one with Labour, which means higher taxes for everyone and a worse future. https://t.co/1OHA0rvA2p
🚨 BREAKING: Keir Starmer has officially dropped his pledge to spend £28bn a year on green investment He will now spend £23.7bn over five years instead Starmer blames the Tories' plan to "max out" the government's credit card
Labour says it won't be able to spent £28bn per year on green investment because Tories crashed the economy - https://t.co/OcSrn6G4EU
BREAKING: Labour officially ditches £28billion green pledge. Reduced to £4.7billion a year. Tells reporters: “We will not reach the £28billion. The £28billion is stood down.” Blames Tories for crashing the economy... Denies Labour are divided and says Ed Miliband IS on side.…
Labour has dropped its pledge to spend £28 billion a year on environmental projects, Sir Keir Starmer has confirmed, in a major U-turn by the party | @Peston https://t.co/lXuja6khnN
NEW: After June 2023 dilution now full u-turn on £28bn/yr Green energy plan. Labour drop figure & instead will spend £23.7bn over next parly. That just shy of £5bn/yr (funded thru mix of borrowing/windfall tax) as Starmer tries to see off Tory econ attacks https://t.co/rqm8nITHum
NEW: After June 2023 dilution now full u-turn on £28bn/yr Green energy plan. Labour drop figure & instead will spend £23.7bn over next parly. That just shy of £5bn/yr (funded thru mix of borrowing/windfall tax as Starmer tries to see off Tory econ attacks https://t.co/yvi5K3NbJI
BREAKING Keir Starmer axes plans to insulate millions of homes in U-turn on £28billion green spending plan. More now on @GBNEWS https://t.co/UyzN4a68qF
#Breaking Labour has dropped its pledge to spend £28 billion a year on environmental projects, Sir Keir Starmer confirmed, in a major U-turn by the party https://t.co/8vWguYY2yH
#Breaking Sir Keir Starmer has said he did not want a “row about the size of a cheque” as he confirmed Labour would ditch its £28 billion-a-year green pledge, blaming the Conservatives for a “very broken” economy https://t.co/xbC4g5TbXp
BREAK: Labour have ditched the £28 billion green energy plan - after weeks of confusion Story by @MrHarryCole @SunPolitics https://t.co/lfoKe6OTkR
Keir Starmer and Rachel Reeves announce dramatic cut in Labour's green plan: from £28bn a year to £4.7bn. https://t.co/yjnfH5JtjJ
BREAKING: Keir Starmer blames Tories for wrecking economy as Labour ditches £28billion green pledge https://t.co/OAegPRXZr0
“Keir Starmer is finally dropping the party's flagship investment policy. But how important is a number?” 🖊️ @meganekenyon https://t.co/4hXPpOg7HS
🚨 NEW: Ed Miliband has backed down over Labour's £28bn green pledge and supports Keir Starmer's decision to scrap it [@Telegraph]
But Sir @Keir_Starmer is a Tory https://t.co/O9Ac60LHDa
🚨 NEW: Keir Starmer will cut back his home insulation scheme as part of his green policy U-turn later today [@guardian]
“The biggest problem voters have with Keir Starmer is that he appears inconsistent and unprincipled.” 🖊️ @freddiejh8 https://t.co/g4aJs8n7E2
Labour will abandon its policy of spending £28 billion a year on environmental projects in a major U-turn following months of uncertainty about the pledge.
Did Keir Starmer need to ditch his £28 billion green investments pledge? - ITV News' Political Editor @Peston reports https://t.co/BRMTu8kyjb
Keir Starmer will ditch Labour's £28bn green investment pledge today. What's your reaction? 📞0344 499 1000 @JuliaHB1 https://t.co/7P5CViD7Ah
Labour will abandon its policy of spending £28 billion a year on environmental projects in a major U-turn following months of uncertainty about the pledge ✍️: @ninallloyd https://t.co/Yra9CTcD0c
Labour to drop £28 billion-a-year green spending pledge https://t.co/E4JLHAAlqW
🗣 Sir Keir Starmer dropping his flagship £28 billion a year green investment pledge is the “most stupid decision the Labour Party has made”, a former senior adviser to Sir Tony Blair said. Follow the latest here 👇 https://t.co/hJEOnv5PeK https://t.co/UxVclaMnm9
Why Labour junked its £28bn green investment pledge https://t.co/DKsJYR0wiK
Labour to ditch £28bn green investment pledge blaming Tories for 'wrecking the economy' https://t.co/PRAQU6Nnum
Why Labour has finally U-turned on its £28bn green pledge – @georgeeaton on the political thinking behind the decision. https://t.co/75Shago7lZ
Labour to ditch pledge to spend up to £28bn/yr on its green investment plan in major u-turn, although the ‘mission’ of clean power remains. Understand Starmer/Reeves will blame this on uncertain ec climate as Lab puts together manifesto (can’t commit now) https://t.co/GYmQoPCUDJ
Labour set to ditch target to spend £28bn a year on green investment https://t.co/4n7RM17wwr
Labour ditches its policy of spending £28bn a year on its green investment plan in a major U-turn https://t.co/oMwZrkdk1Z
Labour ditches £28bn green investment pledge https://t.co/UN6uLEmfgW
🚨 NEW: Keir Starmer will announce tomorrow that he's dropping Labour's £28bn green investment pledge He will put the blame on economic uncertainty caused by the Tories [@guardian]
EXCL: Keir Starmer will announce *tomorrow* that he's scaling back Labour’s flagship £28bn green investment plan following weeks of uncertainty. Senior Labour sources tell us that he will pin decision on economic uncertainty caused by Tories. https://t.co/a4kjccgYsh
EXCL: Keir Starmer will announce *tomorrow* that he's scaling back Labour’s flagship £28bn green investment plan following weeks of uncertainty. Senior Labour sources have told @kiranstacey & me that he will pin decision on economic uncertainty caused by Tories.…
Keir Starmer: Labour’s £28bn green investment ‘desperately needed’ https://t.co/XN1F6iTCeB
This is the fault of Keir Starmer's office. 🖊️ @freddiejh8 https://t.co/UBewuBR1rz
Ditching your most interesting policies isn't a recipe for winning power or for wielding it - Keir Starmer should stand by his £28bn green investment plan. Me for @theipaper: https://t.co/qu2YLPcKtG