Sir Keir Starmer is expected to lay out his party’s plans to invest £1.8 billion in upgrading Britain’s ports.
On a visit to the North East of England on Thursday, Sir Keir Starmer is expected to say the money will lead to the most significant upgrade of Britain’s ports in a generation and billions more pouring into the UK’s energy industry from the private sector. “A Labour government will reindustrialise Britain, from the biggest investment in our ports in a generation to a British jobs bonus to crowd billions of investment into our industrial heartlands and coastal communities.”
Labour sees such investment as crucial to its plans to decarbonise electricity generation by 2030, with ports playing a key role in delivering offshore wind power among other parts of the net zero transition. Overall, Labour has said its plans for green investment will deliver up to 650,000 jobs over the next decade, including 35,000 in the North East, and will be funded by closing “loopholes” in the windfall tax on oil and gas companies.
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Starmer to set out plans for ‘historic’ £1.8bn investment in Britain’s portsThe investment is part of Labour’s Green Prosperity Plan and is expected to bring in billions in private sector cash.
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