Industry welcomes incoming Labour government

With two seats yet to declare at the time of writing, Sir Keir Starmer’s Labour Party had gained 211 seats to reach an unassailable 412 seats in parliament.

With a landslide majority assured, toolmaker’s son Sir Keir now has a clear mandate to implement the party’s manifesto pledges, which include establishing a National Wealth Fund, introduce a new industrial strategy, reform planning rules, set up Great British Energy, and equip children with ‘skills to thrive in the future’.

“The new government has a lot in its in-tray to address,” commented Stephen Phipson, chief executive of Make UK. “First and foremost is the urgent need to kick start the UK’s anaemic growth levels of recent years and, boost investment in our infrastructure, without which we cannot address the many urgent priorities the country faces at national and regional level.

“A modern, long-term industrial strategy which tackles the skills crisis in particular will be key to delivering this growth. Manufacturers stand ready to work with the new government and all stakeholders as a matter of urgency to help deliver this.”