Labour has today (Monday) launched its Industrial Strategy
offering certainty to business and investors.
The Strategy sets a clear direction for Labour’s Industrial
policy including how Labour will work across sectors to boost
economic growth, investment, resilience, and employment rights.
The Strategy will be underpinned by a new statutory body, the
Industrial Strategy Council (ISC) which like the Committee for
Climate Change will ensure a future Labour government meets its
commitments.
The ISC will report on Labour’s progress against the Strategy’s
four ‘missions’ to drive economic growth:
Delivering clean power by 2030
Harnessing data for public good
Caring for the future
Building a resilient economy
While the Conservatives’ approach to growth consists of lurching
from crisis to crisis, with that uncertainty hurting businesses
investment in the UK, the Labour mission sets a clear precedent
of working collaboratively and across sectors to boost and ensure
longer term continuous growth.
, Labour’s Shadow Business
Secretary, said:
“A hallmark of this Conservative government has been to act in
the heat of the moment and lurch from crisis to crisis. We know
business can’t operate like that.
“The Strategy addresses a range of concerns facing business and
workers including Labour’s plans to bolster Britain’s supply
chains from future shocks, transform skills, and make Brexit
work.
“In a clear break from the Conservatives belief in ‘trickle down
economics’ Labour has outlined the importance of sustainable
growth and bolstered employment rights to economic prosperity.
“While the Conservatives are dusting off the same tired old
policies that got us into this mess, Labour is looking to the
future. Businesses and workers want a partner in Government that
can offer certainty, bringing with it the confidence to invest in
Britain.
“Only Labour working in partnership with business and trade
unions can deliver the fairer, greener future Britain deserves.”
