Labour ditches £28bn green pledge after civil servants poke holes in costings

After months of speculation, Labour leader Sir Keir Starmer has confirmed that the party will no longer commit to spending £28 billion a year on green initiatives. Instead, policies outlined in the renewed plan represent £23.7 billion of investment over the course of the next Parliament, which equates to less than £5 billion a year. The U-turn on the funding pledge comes after civil servants poked holes in parts of Labour’s plan.