Rachel Reeves made the original pledge nearly two years ago.

Rachel Reeves has dumped Labour’s flagship pledge to spend £28 billion a year on green technology.

In a major U-turn, the shadow chancellor said a Labour government would now aim to hit its target in the second half of the next parliament.

She blamed the damage done to the economy Liz Truss’s mini-budget last autumn for the climbdown.

Reeves said: “I will never be reckless with the public finances.”

This is a breaking news story and will be updated. Follow HuffPost UK on Twitter, Facebook and Instagram.

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Rachel Reeves Dumps Labour's £28 Billion Green Spending Pledge

8 4
09.06.2023

Rachel Reeves made the original pledge nearly two years ago.

Rachel Reeves has dumped Labour’s flagship pledge to spend £28 billion a year on green technology.

In a major U-turn, the shadow chancellor said a Labour........

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