Member of Keir Starmer’s shadow cabinet ‘misspoke’ – to the tune of £70bn – on key green policy
Sign up for the View from Westminster email for expert analysis straight to your inboxGet our free View from Westminster emailA member of Keir Starmer’s shadow cabinet has said he “misspoke” – to the tune of £70bn – about one of his party’s key green policies. Months after Labour faced criticism for scaling back plans to spend £28bn a year on environmental investments, shadow environment secretary Steve Reed appeared to suggest that figure had increased again. But he later said he “clearly misspoke” and insisted the cost of GB Energy was much lower. Labour’s pledge to create a state-owned clean energy firm is a key plank of its plans for government. The party believes it can create jobs, cut energy bills and help meet its 2030 clean power target. After Russia’s invasion of Ukraine caused energy bills to skyrocket, Labour also argues it will help to make the UK less reliant on others. Labour wants to creat a state-owned clean energy company More