Labour government would have to delay £28bn green fund, Reeves says

Shadow chancellor says poor economy under Tories meant annual funding would come in gradually

The shadow chancellor, Rachel Reeves, has delayed plans to borrow £28bn a year for a green prosperity fund under a Labour government, as a result of the poor economic backdrop.

Reeves, who is keen to demonstrate fiscal responsibility, said Labour would now “ramp up” to the annual £28bn plan by halfway through a first parliament.