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Senior MP all but confirms Labour has dropped £28bn green investment target

Darren Jones says party will decide budget based on state of economy and individual projects if it wins election

  • UK politics live – latest updates

A senior Labour frontbencher has all but confirmed the party has ditched its commitment to spend £28bn a year on green investment, prompting warnings that the UK risks falling behind other nations in initiatives to tackle the climate crisis.

Darren Jones, the shadow chief secretary to the Treasury, said Labour would decide how much to spend on environmental programmes once it got into government, depending on the individual schemes and the state of the economy.

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