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Next Labour government will restrict ‘planet-killing’ financial investments, McDonnell says
Students take part in the Scottish Youth Climate Strike, in Holyrood, Edinburgh, last month

JOHN McDONNELL flagged the tackling of climate change and the restriction of investment in “planet-killing” projects as an “absolute priority” for the next Labour government today.

The shadow chancellor is leading a new review group to pinpoint how the financial sector could be exacerbating climate change, with a report expected to be published in October.

The first role of a Labour government would be to “deliver a green industrial revolution through a national transformation fund,” he said in a speech in central London.

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