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The Independent UK

National

Christopher McKeon

Chancellor to announce British industrial focus in Labour party speech

Labour Party John Healey

Chancellor John Healey is set to announce a new age of industrialisation during his Labour Party conference address, focusing on modern British manufacturing.
Healey will confirm a UK-only competitive tender to procure three new floating docks at HM Naval Base Clyde in Faslane to support Royal Navy submarines.
The Government is also committing £115 million in financial support for a new marine research vessel scheduled to enter service in the early 2030s.
The GMB trade union welcomed the UK-exclusive procurement process, though Shadow Chancellor Andrew Griffith dismissed the speech as reheated announcements with unfunded commitments.
The industrial strategy announcements arrive amid a grim CBI survey indicating declining private sector activity constrained by rising energy and hiring costs.

IN FULL

Healey to unveil plan for ‘new era of industrialisation’ in Labour conference address

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