The Labour party has retreated over its pledge to invest £28bn a year in green industries should it win the next election.

Rachel Reeves, the Shadow Chancellor, naturally put the blame on the Conversatives with usual political bingo words all parties now employ. Putting forward the idea that Labour had somehow been blindsided up to now by the state of the economy and that further pledges of this level would be reckless.

Despite having been Shadow Chancellor since 2021, Reeves claimed on Radio 4 that " I didn't foresee what the Conservatives would do to our economy," possibly referring to the hike in interest rates that have spread across the Western world.

Reeves failed to commit to any revised figure, saying that the economic situation would be clearer nearer the time.

Labour has also faced a dilemma in Scotland, where the troubles of the SNP was seen as an opportunity for Labour, but the party’s policies ban new licences for oil and gas production have met opposition from unions and is seen as unpopular.

Last year, Sir Keir Starmer had announced plans to create a publicly owned renewable energy company modelled on France's EDF to create a state supplier in the face of uncertain energy security that has followed the Russian invasion of Ukraine.

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