Starmer pledges state-owned energy firm in conference speech
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Labour Leader Sir Keir Starmer made a huge energy revelation at the party conference in Liverpool today by announcing plans to set up a publicly-owned firm in his first year in Government. This, he said, is set to slash foreign influence on the industry in the UK. Sir Keir warned that not enough UK energy is British-owned, with firms foreign firms controlling large swathes of the energy mix in the country. The Labour leader also stressed that this could help protect the country from Russian President Vladimir Putin’s weaponisation of energy by boosting our own independence and security amid a crisis that has been sent soaring.
He said at the conference in Liverpool on Tuesday: “Look at what is happening at the moment. The largest onshore windfarm in Wales, who owns it? Sweden.
“Energy bills in Swansea are paying for schools and hospitals in Stockholm. The Chinese Communist Party has a stake in our nuclear industry. And five million people in Britain pay their bills to an energy company owned by France. So we will set up Great British Energy within the first year of a Labour Government, a new company.”
The leader of the opposition added that the company will be able to take advantage of the exciting opportunities emerging in clean power generation. He also claimed it will boost jobs and help to grow the economy.
This is a breaking story. More to follow.
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