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The Latest Breaking News from Rachel Reeves

How Labour ditched its flagship £28bn green investment pledge

Two and a half years after it was announced, the policy is being dropped. Here is a timeline of key moments along the way

The Guardian - UK

Starmer to scale back home insulation scheme as part of green policy U-turn

Exclusive: Labour insiders say scheme singled out for attack by Tories this week will be major victim of U-turn over £28bn plans

The Guardian - UK

Starmer ‘unwavering’ over Labour green pledge despite claims party dropping it

Labour leader says £28bn green investment ‘desperately needed’ after sources said last week Labour were planning to ditch policy

The Guardian - UK

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Labour mustn’t be starry eyed about its whirlwind romance with big business and the City

Like bees to a honey pot, corporate Britain is swarming in the direction of power

The Guardian - UK

Labour Backtrack On £28 Billion Green Investment Pledge After Weeks Of Confusion

With a UK general election looming, the Labour Party are starting to persuade business and financial sector leaders that it can be trusted to grow the economy.

International Business Times UK

Labour’s mixed messages on £28bn green pledge put it in worst of all worlds

Tories watch on delighted as Starmer repeats figure while the shadow Treasury team distance themselves

The Guardian - UK

A message to Starmer from the US: ditching your £28bn climate plan isn’t just cowardly – it’s bad politics

Folding in the face of Tory attacks won’t win Labour any votes. Joe Biden has shown how this spending can pay off electorally, says New Republic writer Kate Aronoff

The Guardian - UK

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Labour leadership feel heat as they go cold over £28billion green plan

Backers of 'Green Prosperity Plan' urge defiance against relentless Tory attacks

Evening Standard

Senior MP all but confirms Labour has dropped £28bn green investment target

Darren Jones says party will decide budget based on state of economy and individual projects if it wins election

The Guardian - UK

Labour to ditch £28bn annual green investment pledge, party sources say

Exclusive: Party will keep plan to invest in green infrastructure but will in effect cut green ambitions by about two-thirds

The Guardian - UK

Labour’s pro-business lullaby sends movers and shakers into a blissful sleep

Toxic Tories have run themselves out as Starmer brings out the big hitters for a day at the Oval

The Guardian - UK

To build trust with voters, Keir Starmer must be honest with them

Letters: The Labour leader must have the courage to make clear the link between taxes and robust public services, writes Peter Riddle. Plus letters from Martin Wicks, Dr Stefan Hawlin and Bernie Evans

The Guardian - UK

It’s time for Labour to kick back against the Tory attacks. This is where it should start

Why is £28bn of green spending endlessly scrutinised while the Conservatives get a free pass on their new round of painful austerity, asks Guardian columnist Polly Toynbee

The Guardian - UK

OPINION - Labour is the 'party of business' declares Keir Starmer (and every leader before him)

Labour is the party of business. Don't take my word for it, Keir Starmer said it this afternoon. Addressing Labour's Business Conference (sponsored by Bloomberg, in a declaration of message discipline), the leader talked of a new partnership with business, creating the conditions for it to succeed and support sustainable…

Evening Standard

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The Guardian - UK

Labour rules out raising corporation tax above 25% in next parliament

Shadow chancellor Rachel Reeves tells business summit of measures to boost investment, productivity and certainty

Evening Standard

Labour makes surprise 25% corporation tax pledge in new City charm offensive

Party also vows to get more women into boardrooms, saying financial services can't thrive by 'ignoring the talents of half of the workforce'

The Guardian - UK

Starmer says Labour would level up workers’ rights in way not attempted for decades – as it happened

Labour leader tells conference that reforms ‘may not please everyone in room’

The Guardian - UK

Frustration in Labour ranks over Reeves’s refusal to reinstate bankers’ bonus cap

Shadow chancellor is warned that decision will be unpopular with voters, including those in ‘red wall’ seats

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The Guardian - UK

Dublin not expecting EU objections to new trade rules for Northern Ireland – as it happened

Irish foreign minister says he does ‘not anticipate any particular difficulties in respect of the EU side’

The Guardian - UK

Labour has no intention of reinstating cap on bankers’ bonuses, says Reeves

Shadow chancellor says party aims to be champion of a thriving financial sector if it wins election

The Guardian - UK

Iceland supermarket boss and ex-Tory donor backs Starmer for PM

Richard Walker says Labour leader understands how cost of living crisis puts ‘unbearable strain’ on families

The Guardian - UK

Thinking small may get Labour into No 10. It could also stop it staying there

Unlike Brown and Blair, who made bold changes early on, Starmer seems determined to offer as little as possible, says Guardian columnist John Harris

The Guardian - UK

What state are government finances in and what legacy is Reeves likely to inherit?

Hunt has steadied the ship, but some may question whether there is really fiscal room for tax cuts

Evening Standard

Britain faces a 'nasty combination' of high tax and tight public spending after the next election, experts warn

Britain faces a “nasty combination” of high tax and tight public spending after the next general election, leading economists warned on Friday as doubts grew over Jeremy Hunt’s room for Budget giveaways.

The Guardian - UK

Labour to unveil plans for City at forthcoming business conference

Exclusive: more than 500 bosses from finance world will be in attendance at sold-out event in London

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