The UK Labour government's new industrial strategy seeks to adopt a proactive stance for economic growth in a volatile world, with an emphasis on sectors identified for high potential. It proposes significant measures, primarily targeting energy cost reductions for key industries like manufacturing and chemicals. By 2027, the government will implement a British industrial competitiveness scheme to alleviate electricity costs for around 7,000 major businesses. The identified sectors—such as clean energy and life sciences—will receive the bulk of the government’s support to enhance workforce skills and trade opportunities.
The Labour government's new industrial strategy aims to create a more competitive and dynamic UK economy by focusing support on sectors with the highest growth potential.
Key elements of the strategy include significant cuts to energy costs, aimed specifically at large electricity users in sectors like automotive and aerospace by 2027.
Collection
[
|
...
]