Healey to promise 'new age of industrialisation' for UK in conference speech
The chancellor will unveil policies aimed at boosting British shipbuilding in his speech to Labour's annual conference on Monday.
John Healey plans to announce a new era of industrialisation for the UK during his first Labour conference speech as chancellor on Monday. He will emphasize that Labour will revitalize Britain's industrial past by supporting advanced manufacturing, and he is expected to reveal ambitious plans for the UK's shipbuilding industry. Three new floating docks at the HM Royal Naval Base Clyde in Faslane are set to be built, forming part of a £15bn upgrade programme for the Royal Navy's shipyards.
Additionally, a new marine research vessel will receive £115m in funding, both of which are anticipated to come online in the early 2030s. While the chancellor faces pressure to manage government spending, Healey is not expected to discuss Budget details in his speech. Instead, he aims to set a positive tone for British industry, promising a "new confidence in Britain."
The former defence secretary will also push for the resumption of a trade union-run training scheme, allocating £15m to help workers gain new skills in response to technological advancements.
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