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Labour would set up a publicly owned energy company if it wins the next election, party leader Keir Starmer has announced.

鈥淕reat British Energy鈥� would be created within the first year of a Labour government and would fund green energy projects around the country to boost domestic energy security.

The aim is for the company to work with independent firms and eventually reach a comparable scale to French energy giant EDF, according to reports.

Starmer promised to 鈥渢ake advantage of the opportunities in clean British power鈥� in his big policy reveal in his speech to Labour鈥檚 conference in Liverpool this afternoon.

He said the approach was 鈥渞ight for jobs, right for growth and right for energy independence from tyrants like Putin鈥�.

Starmer also confirmed his plan for all of the UK鈥檚 electricity to be generated by renewable and nuclear power by 2030.

He said the policy, first trailed at the weekend, would turn the UK into a 鈥済reen growth superpower鈥� by doubling onshore wind, tripling solar power and quadrupling offshore wind.

A Labour government would also invest in tidal, hydrogen and nuclear schemes across the UK, while backing carbon capture projects, green steel production, renewable ports and gigafactories.

鈥淒riving the plan forward is a goal that would put us ahead of any major economy in the world,鈥� he said, adding it would need to be a 鈥渉uge national effort鈥� which would get underway within the first 100 days after a general election.

Other policies announced during the speech included a goal to boost UK home ownership from 63% to 70%.

Starmer said Labour would do this by giving first time buyers first refusal on new developments and setting up a new mortgage guarantee scheme for first time buyers.

He also repeated a pledge first announced last year to spend 拢60bn on retrofitting 19 million homes to increase energy efficiency.

Starmer鈥檚 speech comes a day after a poll by YouGov put the party 17% ahead of the Conservative party, the largest lead in more than two decades.