Labour's plans for GB Energy branded a 'sham' after major admission

LABOUR’S plans for a “home-grown energy company” have unravelled spectacularly after Keir Starmer was forced to admit Great British Energy was “not an energy company”.Good Morning Scotland, Starmer admitted the publicly-owned company would be an “investment vehicle” to pump money into the private sector.

"His damaging plans for so-called ‘GB energy’ are a sham. Starmer has been forced to admit it isn’t an energy company, it won't produce or sell energy – and it will rely on the same private investment that his policies are putting at risk.” Earlier this year, the body said Labour’s plans to hike the tax up to 78% and extend it until 2029 would result in “redundancies on a scale not seen in this country since the pit closures of the 1980s”.

Last June, Starmer delivered a speech in Edinburgh in which he hailed plans for “a new home-grown energy company”.

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