Labour to ditch £28bn green prosperity plan, Sky News understands | Politics News

Labour will announce tomorrow that it is scaling back its flagship green prosperity plan, Sky News understands.

The policy will not be dropped altogether, but the party is ditching the target to spend £28bn a year on environmental schemes.

Labour will put this down to uncertain public finances and is also likely to say that this is the outcome of finalising ideas for their manifesto for the next general election, expected later this year.

The major U-turn comes after weeks of confusion surrounding the policy.

Last week, shadow chancellor Rachel Reeves refused to commit to the spending target 10 times when asked by Sky News’ political editor Beth Rigby if the policy remained in place.

However earlier today, Sir Chris Bryant, a shadow digital minister, that “we are doing it” – adding that “it will be £28bn”.

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