Business Live with Ian King: Labour to ditch £28bn green prosperity plan, Sky News understands

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Join Ian King and guests for all the latest business news from the City, as Labour will announce on Thursday that it is scaling back its flagship green prosperity plan, Sky News understands.

The policy will not be dropped altogether, but the party is ditching the financial target to spend £28bn a year on environmental schemes.

While, continued strong demand for its blockbuster cancer treatments and a big drop in its costs has helped the drugmaker AstraZeneca to more than double its annual profits.

The UK's biggest company by stock market value, which this year celebrates its 25th anniversary, reported a full year pre-tax profit of $6.9billion. That compared with $2.5billion in 2022

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