Labour’s Rachel Reeves aiming to be ‘Britain’s first green chancellor’

Frontbencher to call for more help with energy bills for householders and to promise massive green power programme

Rachel Reeves has said she wants to be “Britain’s first green chancellor” ahead of a speech in which she will call on ministers to extend relief on energy bills and promise that Labour will reduce these in the longer term with a massive green power programme.

Addressing the Fabian Society conference on Saturday, the shadow chancellor is to argue that investment in renewable energies, plus a huge programme to retrofit insulation to homes – part of Labour’s flagship £28bn-a-year investment in climate measures – could save households up to £1,400 off annual bills each year.