Until we’re told more, it’s impossible to know if GBE will merely retread old ground or pursue far more ambitious goals
Keir Starmer is promising to turn from slogans to solutions, so here’s a request: can we have a few concrete details on how Great British Energy, a flagship Labour proposal to create “a publicly owned national champion in clean energy”, would operate?
The most basic unanswered question is how much capital the new company would be given on day one. Until we’re told, it’s impossible to tell if GBE would merely reassemble the old small-scale Green Investment Bank, which was launched by George Osborne for the coalition government in 2012 and sold in 2017, or pursue far more ambitious goals, which tends to be Labour’s claim.
