Labour postpones £28bn green plan as it seeks to be trusted on public finances
by Rowena Mason and Aubrey Allegretti from Environment | The Guardian on (#6C4B1)
Rachel Reeves says fiscal rule is priority as she delays start of promised investment in eco-friendly industry
Labour has scaled back plans to borrow 28bn a year to invest in green jobs and industry as the party's leadership looks to review its spending in an attempt to prove its fiscal credibility.
The shadow chancellor, Rachel Reeves, delayed plans for a green prosperity fund to start in the first year of a Labour government, saying it would ramp up" by the middle of a first parliament.
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