Labour's Rachel Reeves rows back £28bn green prosperity plan as Tories 'crashed the economy'

Labour plans to block new North Sea oil and gas developments as Starmer vows to make UK 'clean energy superpower'

Conservative Party chairman Greg Hands said: "Keir Starmer's main economic policy is in tatters, after even he and Rachel Reeves realised it would lead to disaster. Ed Miliband, the shadow net zero secretary and for party leader, is on the "same page" regarding the partial U-turn, Ms Reeves claimed.Labour's green prosperity plan included promises to invest more money in projects such as wind and carbon capture.

Following Labour's rowback, analysts warned the UK is set to miss out on future investment in key industries such as green hydrogen while businesses turn instead to the US and EU to back clean energy growth.

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