Labour planning £8bn Biden-style green energy revolution

Rachel Reeves to visit US to learn from senior Democrats about ambitious regional recovery plan

The Labour party is planning to put the UK at the head of a worldwide green industrial revolution, with a massive US-style, public-private investment scheme targeted at the most deprived regions.

In an interview with the Observer, Rachel Reeves, the shadow chancellor, who will travel to Washington in May to meet senior Democrats, says a Labour government will follow the model of US president Joe Biden's hugely ambitious regional recovery plan, using the climate crisis as the catalyst for economic revival.