Labour has clear industrial strategy
Jonathan Reynolds MP, Labour’s Shadow Business Secretary, responding to Jaguar Land Rover’s Gigafactory announcement, said:
Labour welcomes any investment in British jobs and industry and decisions like these vindicate Labour’s advocacy of an industrial strategy in place of scattergun announcements.
In spite of the Government’s cack-handed approach to industry and our economy this shows the strength of the UK automotive industry.
Labour has been clear the public and private sector working together is the only way we can transition industry to keep the jobs of the future on our shores for decades to come.
That’s why a Labour Government will go further with a proper industrial strategy, investing in eight gigafactories and delivering clean energy by 2030. Our plans for the car industry will deliver 80,000 additional jobs and billions in economic growth ensuring announcements like this aren’t a one off but the basis for a growing economy with good jobs in our industrial heartlands.
Labour’s plans come as Britain faces increased pressure following the Inflation Reduction Act in the US and the EU’s response, with many firms warning the UK risks becoming ‘uncompetitive’. MakeUK – the manufacturing group – have warned the Government to ‘stop flip flopping on Industrial Strategy’ as it is hurting investment in UK firms.
Labour’s mission to take Britain’s economic growth from the bottom of the G7 league table to the top includes their plans for an Industrial Strategy Council on a statutory footing, matching the long term investment cycles of industry and providing the certainty firms need to invest in Britain.
Join the Labour Party
Right across Hexham Constituency Labour Party members are working to Build a Better Britain and get Guy Opperman out after 13 disastrous years of Conservative government.
If you’d like to get involved please consider joining the party or making a donation.
Photo by Michael Marais on Unsplash
