Labour is pledging it will get working within months of election victory to build clean power that will “turn the page” on the cost-of-living crisis.
Labour plans to fund the company, which will be headquartered in Scotland, through a windfall tax on big oil and gas firms, with an initial £8.3 billion capitalisation over a parliament. “It doesn’t have to be this way. Our clean power mission with Great British Energy will take back control of our destiny and invest in cheap, clean homegrown energy that we control.
“The choice at this General Election is clear: higher bills and energy insecurity with the Conservatives, or lower bills and energy independence with Labour.”
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