Healey to promise 'new age of industrialisation' for UK in conference speech
UK Chancellor John Healey will promise a 'new age of industrialisation' at the Labour Party conference, focusing on advanced manufacturing and British shipbuilding. Key announcements include domestic funding for Royal Navy floating docks and a marine research vessel.
Why it matters
Signals the UK government's economic strategy focusing on national security, domestic industrial resilience, and manufacturing ahead of the upcoming Budget.
Image source, PA Media By Brian Wheeler , Political reporter and Iain Watson , Political correspondent Published 13 minutes ago John Healey will promise "a new age of industrialisation" for the UK, when he delivers his first Labour conference speech as chancellor on Monday.
Healey will tell delegates "our coal mines are not coming back", but that Labour will remake Britain's industrial past "for the modern age" by backing advanced manufacturing.
He will also announce plans to boost Britain's shipbuilding industry, with new orders for Royal Navy floating docks and a maritime research vessel.
With just a month to go until his first Budget, the chancellor is under pressure to cut spending or raise taxes to tackle the ballooning cost of government borrowing.
But he is not expected to reveal any details about his Budget plans in his speech at Labour's annual conference in Liverpool.
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