Labour promises to spend £28bn a year on tackling climate crisis

Labour promises to spend £28bn a year on tackling climate crisis

Rachel Reeves aims to be ‘first green chancellor’ as she announces party’s biggest spending pledge to date

Labour would invest £28bn a year in climate measures to protect Britain from disaster, Rachel Reeves has announced in by far the party’s biggest spending pledge to date.

The amount would quadruple the government’s current capital investment, and Labour said it would hope to attract a matching sum of private investment in green technologies. In total, the party will commit to spending £224bn on climate measures over the next eight years.

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