Labour Drops £28bn Green Investment Pledge Amid Economic Concerns

Facing criticism from both sides, Labour abandons its ambitious green investment plan, citing economic challenges and political pressure.

Labour has officially abandoned its £28bn annual green investment pledge, citing economic challenges and political pressure as key reasons.
The decision has sparked criticism from the Green Party, which described the move as a 'massive backward step' for climate action and job creation.
Labour's shift away from the pledge is seen as an attempt to avoid Tory attacks over potential tax increases, despite previous commitments to green energy.
Critics argue that abandoning the green investment plan could push businesses to invest elsewhere, particularly in the EU and US, where green initiatives are being promoted.
Labour leaders are now faced with the challenge of repositioning the party's environmental policy while maintaining credibility on economic issues.