Katy Balls Katy Balls

Rachel Reeves backtracks over Labour’s £28bn climate plan

Shadow chancellor Rachel Reeves (Credit: Getty images)
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Rachel Reeves has just rowed back on a flagship Labour policy. Speaking on Radio 4’s Today programme, the shadow chancellor watered down her earlier pledge to spend £28 billion a year on climate investment ‘for each and every year of this decade’ – Labour’s version of Joe Biden’s Inflation Reduction Act.

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