Labour's plan for publicly-owned GB Energy firm is slammed as 'just another ideological vanity...

  • 📰 DailyMailUK
  • ⏱ Reading Time:
  • 52 sec. here
  • 5 min. at publisher
  • 📊 Quality Score:
  • News: 34%
  • Publisher: 90%

Dailymail News

News,Labour,Keir Starmer

Sir Keir Starmer launched his policy initiative on the election campaign trail in Scotland, claiming it would save households up to £300 on their energy bills by the end of the next parliament.

Sir Keir Starmer claimed the policy would save households up to £300 on energyLabour's green energy plans were branded 'a con' yesterday as experts warned they were 'not plausible' and would send bills soaring.

Last night Energy Secretary Claire Coutinho told the Mail: 'Labour still can't explain to the public what this policy actually is because they do not have a plan, placing Britain's energy security at risk. Union leaders turned on Sir Keir about the policy, warning it could cost thousands of jobs because his plan involves not issuing any new licences for gas and oil drilling in the North Sea. Labour also wants to decarbonise the electricity network by 2030, something experts said was 'pretty much impossible' and a pledge that's 'too good to be true'.

The company would invest in domestic power sources, with the aim of cutting energy bills. Early investments by Great British Energy will include wind and solar projects across the UK, as well as making Scotland a world leader in new technologies such as floating offshore wind farms and hydrogen. Under the party's plans if it wins the general election, it would set up a new publicly owned company – Great British Energy

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 7. in UK

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

What is Labour’s Great British Energy and how will it work?Sir Keir Starmer has been setting out Labour’s energy offer.
Source: Observer_Owl - 🏆 18. / 72 Read more »

What is Labour’s Great British Energy and how will it work?Sir Keir Starmer has been setting out Labour’s energy offer.
Source: Glasgow_Times - 🏆 76. / 59 Read more »