Labour Backtracks on £28bn Climate Investment Target After Tory Attacks
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Labour has dropped its £28bn annual target for green investment, marking a major policy U-turn. The party made the change due to sustained attacks from the government.
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The Green Party has criticized the decision as a "massive backward step" that threatens jobs and future prosperity.
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Darren Jones confirmed the policy change, saying the eventual investment figure depends on the economy Labour inherits and project-by-project scrutiny.
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The Conservatives claim Labour is abandoning its 2030 clean energy policy that required £28bn annual investment. Labour denies the direct link.
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The policy shift opens divides between Labour and Greens while closing one line of attack from the Tories over potential tax rises.