Keir Starmer has vowed to create a state-owned power company if the Labour Party wins the next election.
The Labour leader said the Great British Energy would boost the supply of renewable power by harnessing the country's sun, wind and waves. The nationalised electricity generator, which will work alongside existing private firms, aims to bring down prices for families as well as delivering energy independence for Britain.
He said: "A new company that takes advantage of the opportunities in clean British power and because it's right for jobs, because it's right for growth, because it's right for energy independence from tyrants like Putin. Yes conference, Great British Energy will be publicly owned."
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Labour highlighted that many European, Asian and American countries have public generating companies, including EDF in France and Vattenfall in Sweden. The commitment came in his keynote speech to the Labour conference in Liverpool in which he declared he is ready to boot the Tories out of No 10.
He told delegates a "cloud of anxiety" hangs over the public and accused the Tories under Liz Truss of crashing the pound and offering tax cuts for the richest 1% in society, reports The Mirror. Mr Starmer added: "They used to lecture us about fixing the roof when the sun was shining.
"They haven't just failed to fix the roof. They've ripped out the foundations, smashed through the windows and now they've blown the doors off for good measure."
The Labour leader also received a standing ovation during the speech when he pledged to make the Labour Party "fit to serve our country".
And he told delegates one of his first acts if he wins the keys to No10 would be to create a Hillsborough Law - to hold public bodies accountable following tragedies. “For too long this city has been let down," he said. "So when Labour wins the next election, one of my first acts as Prime Minister will be to put the Hillsborough Law on the statute book.”
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