Manifesto tracker

Kickstart economic growth

All Mission pledges

  • Economic Growth, Economy and Industry, Kickstart economic growth, Policy area

£1.8 billion will be spent during the 2024-29 Parliament to upgrade Britain’s ports and to build supply chains to ensure goods imported and exported to and from Britain, and moved within Britain, can do so in higher volumes and more efficiently.

Manifesto Section

Policy Area

Government Department

Accountable Minister

HM Treasury
Rachel Reeves

Commitment

£1.8 billion must be pledged by HM Treasury by the end of the 2024-29 Parliament towards upgrading and building UK ports and supply chains.

What Does It Mean For the UK?

Why > Upgrading ports and building more resilient supply chains is crucial for enhancing the UK’s trade capabilities, reducing congestion, and improving the efficiency of goods movement. As a significant trading nation, the UK relies on its ports to handle 95% of its trade in goods. Modernizing port infrastructure would reduce shipping delays, improve logistics, and support exports, making the UK more competitive globally. Countries like Germany have invested heavily in their ports (e.g., Hamburg), boosting their trade capacity and economic growth. What Success Means > Improved Trade Efficiency and Economic Growth > Upgraded ports would streamline import and export processes, reduce logistical bottlenecks, and enhance the UK’s competitiveness in global trade. This would lead to increased economic growth, job creation in port cities, and a more resilient supply chain network. Strengthened Regional Development > Enhanced port infrastructure would benefit regional economies, particularly in coastal areas, by attracting new businesses and investments. It would also support the government’s ‘levelling up’ agenda by creating economic opportunities outside of London and the South East.
  • Economic Growth, Economy and Industry, Kickstart economic growth, Policy area

£2.5 billion will be spent during the 2024-29 Parliament to rebuild the British domestic steel production industry.

Manifesto Section

Policy Area

Government Department

Accountable Minister

HM Treasury
Rachel Reeves

Commitment

£2.5bn to rebuild the steel industry

What Does It Mean For the UK?

Why > Rebuilding the UK’s steel industry is crucial for economic sovereignty, maintaining high-skilled jobs, and supporting key sectors such as construction, automotive, and defense. The UK steel industry employs around 33,000 people directly and supports an additional 42,000 jobs indirectly. Rebuilding the industry with a focus on greener production methods aligns with global trends, as seen in Sweden, where green steel production is becoming a reality. What Success Means > Revitalized Industrial Base and Job Creation > Investing in the steel industry would safeguard existing jobs and create new ones, particularly in regions affected by deindustrialization. It would also support a domestic supply chain for key industries, reducing reliance on imports. Sustainable Steel Production > Modernizing the steel industry with low-carbon technology would contribute to the UK’s net-zero targets, reduce emissions, and create a competitive advantage in producing green steel for the global market.
  • Economic Growth, Energy and Net Zero, Kickstart economic growth, Policy area

£500 million will be spent during the 2024-29 Parliament to support the manufacture of green hydrogen technology which could be capable of producing large amounts of energy with little to no greenhouse gas emissions as a result.

Manifesto Section

Policy Area

Government Department

Accountable Minister

HM Treasury
Rachel Reeve

Commitment

£500m to support the manufacturing of green hydrogen

What Does It Mean For the UK?

Why > Green hydrogen is a crucial component of the transition to a low-carbon economy, providing a clean energy source for sectors like transportation, heating, and heavy industry. The UK has committed to producing 5 GW of low-carbon hydrogen by 2030. Countries like Germany have launched substantial hydrogen strategies, committing billions to lead in hydrogen technology. What Success Means > Promotion of Clean Energy and Reduction of Fossil Fuel Dependence > Supporting green hydrogen production would diversify the UK’s energy mix, reduce reliance on fossil fuels, and help achieve climate targets. It would also create new industries and jobs in the green energy sector. Enhanced Energy Security and Export Potential > Developing a robust green hydrogen industry would position the UK as an exporter of clean energy technologies, enhancing energy security and contributing to economic growth.
  • Economic Growth, Housing and Planning, Kickstart economic growth, Policy area

1.5 Million new homes will be built during the 2024-29 Parliament, whilst also creating new jobs, this will correspond to 300,000 houses per annum for each year of the 2024-29 Parliament.

Manifesto Section

Policy Area

Government Department

Accountable Minister

Ministry of Housing, Communities and Local Government
#VALUE!

Commitment

1.5 million more homes built

What Does It Mean For the UK?

Why > The UK has a housing shortage, with estimates of the number of homes needed ranging from 300,000 to 340,000 per year (Source > House of Commons Library). On the other hand, according to the Office of National Statistics (ONS), the number of unemployed construction workers in the UK has decreased from 52,000 in December to February 2023 to 41,000 in the same period in 2024. To address the UK’s housing crisis, boost economic growth, create jobs, and provide affordable housing for citizens. What Success Means > Success would mean reduced housing shortages, lower rents and property prices, economic stimulation, and improved quality of life for many citizens.
  • Economic Growth, Energy and Net Zero, Kickstart economic growth, Policy area

£1 billion will be spent during the 2024-29 Parliament to increase the roll-out of technologies that capture atmosphereic carbon dioxide and carbon doixide produced in Britain and store this captured carbon dioxide to keep it out of the atmosphere.

Manifesto Section

Policy Area

Government Department

Accountable Minister

HM Treasury
Rachel Reeves

Commitment

£1bn to accelerate the deployment of carbon capture

What Does It Mean For the UK?

Why > “In 2023, the UK’s carbon dioxide emissions were estimated to be 384 million tonnes of carbon dioxide equivalent in 2023” (Department fro Energy Security & Net Zero). Carbon capture and storage (CCS) is essential for reducing carbon emissions from hard-to-abate sectors like steel, cement, and chemicals. Labour’s investment in CCS would support the UK’s commitment to net-zero emissions by 2050. Countries like Norway, with the Sleipner and Northern Lights projects, have been leaders in CCS technology, demonstrating its viability and effectiveness. What Success Means > Significant Reduction in Carbon Emissions > Accelerating CCS deployment would help the UK achieve its carbon reduction targets, especially in sectors where emissions are challenging to eliminate. It would provide a pathway to decarbonizing heavy industries and protect jobs in those sectors. Global Leadership in Green Technology > Investing in CCS would position the UK as a leader in this critical climate technology, attracting global investments and fostering innovation.
  • Economic Growth, Economy and Industry, Kickstart economic growth, Policy area

£1.5 billion will be spent during the 2024-29 Parliament on building new large ‘Gigafactories’ to increase the factory floor space and production output of the British automotive industry.

Manifesto Section

Policy Area

Government Department

Accountable Minister

HM Treasury
Rachel Reeves

Commitment

£1.5bn to new gigafactories

What Does It Mean For the UK?

Why > Investment in new gigafactories for battery production is essential for the future of the UK’s automotive industry as it transitions to electric vehicles (EVs). The global market for EVs is growing rapidly, and having domestic battery manufacturing capacity is crucial for staying competitive. The UK’s existing automotive sector supports over 800,000 jobs. Countries like Germany have invested in gigafactories to secure their position in the EV supply chain, with projects like Tesla’s Gigafactory Berlin providing a blueprint. What Success Means > Leadership in the Global Automotive Market > Investment in gigafactories would secure the UK’s position as a leader in the growing global EV market, attract further investments, and create high-skilled jobs. It would also reduce reliance on foreign imports of batteries, enhancing energy security. Decarbonization and Innovation > Establishing gigafactories would support the UK’s transition to a low-carbon economy by boosting EV production, reducing greenhouse gas emissions, and fostering innovation in green technology.
  • Economic Growth, Housing and Planning, Kickstart economic growth, Policy area

A comprehensive mortgage guarantee scheme will be introduced to support first-time buyers through lower mortgage costs.

Manifesto Section

Policy Area

Government Department

Accountable Minister

Ministry of Housing, Communities and Local Government
Angela Rayner

Commitment

Labour will introduce a comprehensive mortgage guarantee scheme to help first-time buyers afford homes by lowering the costs associated with large deposits.

What Does It Mean For the UK?

Why > The UK’s mortgage guarantee scheme allows lenders to offer 95% loan-to-value (LTV) mortgages with a 5% deposit, but individual lenders set their own interest rates and fees 【source > Money Saving Expert】. This aims to make homeownership more accessible, addressing concerns about housing affordability and increasing the number of homeowners. In Canada, interest rates on insured mortgages at 95% LTV are usually lower than those on uninsured mortgages at 75% LTV 【source > Tony Blair Institute】. What Success Means > Success would be marked by an increase in first-time home purchases and a stabilization of the housing market.
  • Economic Growth, Economy, Kickstart economic growth, Policy area

A National Wealth Fund, comparable to existing foreign equivalents like the Norwegian Govereign Pension Fund (sovereign wealth fund) will be capitalised with £7.3 billion to invest in Britain to encourage economic growth, growth in the value of the National Wealth Fund, major investments in Britain and its renewable energy infrastructure.

Manifesto Section

Policy Area

Government Department

Accountable Minister

HM Treasury
Rachel Reeve

Commitment

A National Wealth Fund must be capitalised with £7.3bn and have a remit to support Labour’s growth and clean energy mission.

What Does It Mean For the UK?

Why > Labour’s National Wealth Fund, capitalized with £7.3 billion, aims to attract three pounds of private investment for every pound of public investment, focusing on clean energy and industrial growth. Norway’s sovereign wealth fund has shown how such investments can drive sustainable economic growth. What Success Means > Success would mean a surge in investments in green technologies, energy independence, and job creation. It would also enhance the UK’s global leadership in green industries, contributing to climate goals and economic resilience.
  • Economic Growth, Economy, Kickstart economic growth, Policy area

A National Wealth Fund, comparable to existing foreign equivalents like the Norwegian Govereign Pension Fund (sovereign wealth fund) will be capitalised with £7.3 billion to invest in Britain to encourage economic growth, growth in the value of the National Wealth Fund, major investments in Britain and its renewable energy infrastructure.

Manifesto Section

Policy Area

Government Department

Accountable Minister

HM Treasury
Rachel Reeve

Commitment

A National Wealth Fund must be capitalised with £7.3bn and have a remit to support Labour’s growth and clean energy mission.

What Does It Mean For the UK?

Why > Labour’s National Wealth Fund, capitalized with £7.3 billion, aims to attract three pounds of private investment for every pound of public investment, focusing on clean energy and industrial growth. Norway’s sovereign wealth fund has shown how such investments can drive sustainable economic growth. What Success Means > Success would mean a surge in investments in green technologies, energy independence, and job creation. It would also enhance the UK’s global leadership in green industries, contributing to climate goals and economic resilience.
  • Economic Growth, Innovation and Technology, Kickstart economic growth, Policy area, Science

A new National Data Library will be created to integrate existing research programmes, helping to deliver data-driven public services.

Manifesto Section

Policy Area

Government Department

Accountable Minister

Department for Science, Innovation and Technology
#VALUE!

Commitment

New National Data Library.

What Does It Mean For the UK?

Why > By centralizing and organizing data from various research programs, the government aims to improve decision-making, streamline public services, and enhance the delivery of services to citizens. It also fosters better collaboration between institutions and ensures valuable data is accessible and usable for solving societal challenges. What Success Means > Success means more efficient, evidence-based public services, with improved outcomes for citizens. It also means making data-driven insights more readily available to policymakers and researchers, ultimately leading to better-targeted services, cost savings, and enhanced government accountability.
  • Economic Growth, Kickstart economic growth, Policy area, Transport

A new passenger watchdog will be created to ensure higher standards for private railway companies, as well as public railway companies once brought under public ownership.

Manifesto Section

Policy Area

Government Department

Accountable Minister

Department for Transport
#VALUE!

Commitment

New passenger watchdog on trains

What Does It Mean For the UK?

Why > In Q1 2024, the complaint rate was 21 per 100,000 journeys, a 0.4% rise from the same quarter last year (Office of Rail and Road). For too long, train companies have proven to not provide suitable information for passengers. A new tough watchdog, will help protect and support passengers. What Success Means > A more comprehensive safe rail network, which has higher standards than private train companies.
  • Business and Trade, Economic Growth, Kickstart economic growth, Policy area

A new Regulatory Innovation Office will be created to merge existing authorities together to better enable regulators to resolve issues regarding regulation, slow approval timelines and multi-departmental issues.

Manifesto Section

Policy Area

Government Department

Accountable Minister

Department for Business and Trade
Jonathan Reynolds

Commitment

New Regulatory Innovation Office

What Does It Mean For the UK?

Why > “Regulation not only ensures patient safety but also shapes the UK’s reputation as a hub for healthcare innovation and investment. ABHI welcomes the Regulatory Innovation Office (RIO), a key step towards regulatory reform.” Steve Lee, Director of Diagnostics & Digital Regulation (GOV.UK). By bringing together various regulatory bodies, the government intends to create a more coordinated approach, improving the overall business environment and facilitating faster innovation across industries. What Success Means > Success means more efficient and timely regulatory processes, with quicker approvals and fewer delays for businesses and innovators. It also ensures clearer and more consistent regulations across sectors, ultimately fostering a smoother, more supportive environment for economic growth and development.
  • Devolution, Economic Growth, Kickstart economic growth, Policy area

A new statutory requirement will be introduced for Local Growth Plans to further enable the Government to meet its devolution goals.

Manifesto Section

Policy Area

Government Department

Accountable Minister

Ministry of Housing, Communities and Local Government
Angela Rayner

Commitment

Local Growth Plans required for towns and cities

What Does It Mean For the UK?

Why > > Requiring Local Growth Plans for towns and cities would ensure that each area has a coherent strategy for economic development, infrastructure, housing, and public services. The aim is to promote sustainable growth by leveraging local strengths and addressing specific challenges. This policy would likely encourage greater investment and planning at a local level. In comparison, many European cities have long-term growth strategies coordinated with national frameworks, such as France’s “territorial coherence plans.” By adopting a similar approach, the UK could achieve more balanced development and reduce regional inequalities. What Success Means > Success would involve local economies thriving through targeted growth strategies that address specific community needs.
  • Devolution, Economic Growth, Kickstart economic growth, Policy area

A review of local governance arrangements for Combined Authorities/Mayoral authorities/Council Authorities with possible deregulation or change to speed up decision-making and reward good public money management while promoting sustainable development for local communities. This measure focuses on better public finances to avoid situations like the Birmingham City Council, which recently went bankrupt.

Manifesto Section

Policy Area

Government Department

Accountable Minister

Ministry of Housing, Communities and Local Government
#VALUE!

Commitment

Review local governance arrangments

What Does It Mean For the UK?

Why > A review of local governance arrangements would likely examine the efficiency and effectiveness of current structures, such as councils, Combined Authorities, and Local Enterprise Partnerships (LEPs). The goal would be to streamline decision-making, reduce bureaucracy, and enhance accountability. This could lead to the restructuring of local government or the introduction of new bodies better suited to handle modern challenges. Countries like the Netherlands and Germany have reviewed and reorganized their local governance structures to better meet contemporary needs, providing potential models for the UK to follow. What Success Means > Success would be characterized by faster decision-making processes and improved project delivery within Combined Authorities.
  • Economic Growth, Kickstart economic growth, Policy area, Taxation

A roadmap plan outlining the Government’s intended changes for business taxation for the duration of the 2024-29 Parliament will be published to give clarity to businesses.

Manifesto Section

Policy Area

Government Department

Accountable Minister

HM Treasury
Rachel Reeve

Commitment

Publish a roadmap for business taxation

What Does It Mean For the UK?

Why > Publishing a clear and comprehensive roadmap for business taxation would provide businesses with the certainty they need to plan long-term investments. Uncertainty over future tax policies can deter investment, limit economic growth, and create a volatile business environment. The roadmap would outline tax rates, allowances, and any planned changes, allowing businesses to strategize effectively. Germany, which maintains a stable and predictable corporate tax policy, has seen steady growth and investment from both domestic and international businesses. What Success Means > Increased Business Investment and Economic Growth > With a clear understanding of future taxation, businesses can plan more confidently, leading to increased capital investments, job creation, and economic growth. Greater Market Confidence and Stability > Predictability in tax policy would enhance market stability, reduce the risk of sudden policy changes, and make the UK more attractive for both domestic and foreign investment.
  • Economic Growth, Economy and Industry, Kickstart economic growth, Policy area

A ten-year infrastructure strategy will be created and published, which will detail the Government’s plans to boost rail connectivity in the North of England and all of Labour’s other infrastructure commitments outlined in the Manifeto.

Manifesto Section

Policy Area

Government Department

Accountable Minister

HM Treasury
Rachel Reeves

Commitment

New 10-year infrastructure strategy

What Does It Mean For the UK?

Why > Developing a ten-year infrastructure strategy would address the UK’s longstanding infrastructure gaps, particularly in the North of England, which has suffered from decades of underinvestment. The strategy would be aligned with the broader industrial strategy and regional development priorities, focusing on improving transport connectivity, especially rail, to foster regional growth. The UK ranks 11th in Europe for infrastructure quality. Countries like Japan and Germany, known for their robust and well-planned infrastructure, demonstrate the economic benefits of such long-term planning. What Success Means > Balanced Regional Development and Reduced Inequality > A comprehensive infrastructure strategy would boost economic growth in regions outside London, reducing inequalities and promoting balanced development across the UK. Improved rail connectivity in the North of England would support regional economies, increase productivity, and provide better access to job opportunities. Sustainable Economic Growth and Long-Term Planning > A ten-year strategy would provide a stable framework for infrastructure development, attracting long-term investment and supporting sustainable growth. It would also enable coordinated planning and investment in critical sectors such as transport, energy, and digital infrastructure.
  • Economic Growth, Kickstart economic growth, Policy area, Work and Pensions

All 18 to 21 year-olds will be guaranteed to have access to training, an apprenticeship, or support to find work from July 2024.

Manifesto Section

Policy Area

Government Department

Accountable Minister

Department for Work and Pensions
#VALUE!

Commitment

A guarantee of access to training, apprenticeships, or job support will be established for all 18- to 21-year-olds.

What Does It Mean For the UK?

Why > Currently, only about 29.2% of secondary school students had access to work experience placements in the last year 【source > Speakers fro Schools】.aims to equip young individuals with necessary skills, reducing youth unemployment and ensuring a skilled workforce for the future. What Success Means > Higher rates of youth engagement in training and apprenticeships, along with improved employment outcomes for young adults.
  • Economic Growth, Housing and Planning, Kickstart economic growth, Policy area

All Combined and Mayoral Authorities will be required to strategically plan for housing growth in their respective areas to ensure more balanced growth, in line with the new Government’s focus on devolution, also giving new planning powers to Combined Authorities to make better use of grant funding.

Manifesto Section

Policy Area

Government Department

Accountable Minister

Ministry of Housing, Communities and Local Government
#VALUE!

Commitment

Labour will require Combined and Mayoral Authorities to create strategic plans for housing growth, granting them new planning powers and flexibilities.

What Does It Mean For the UK?

Why > Reforming Combined and Mayoral Authorities > Requiring Combined and Mayoral Authorities to align with national housing strategies could ensure coherent development across the UK. Success would mean reduced regional disparities in housing and economic growth. Requiring Combined and Mayoral Authorities to align with national housing strategies could ensure more coherent development across the UK. This would mean that regional authorities work under a unified framework to address housing shortages, economic disparities, and infrastructure needs. Success would involve reduced regional inequalities, more coordinated urban planning, and better economic outcomes for underdeveloped areas. Such reforms could promote balanced growth, where all regions contribute to national prosperity, similar to the devolution policies in countries like Germany. What Success Means > Success would be reflected in well-coordinated housing developments that meet local demands and reduce planning delays.
  • Economic Growth, Economy, Kickstart economic growth, Policy area

An Industrial Strategy Council will be created, with representatives from every UK nation and region and some businesses and trade unions, to advise the Government on long-term economic policy making.

Manifesto Section

Policy Area

Government Department

Accountable Minister

HM Treasury
Rachel Reeves

Commitment

New Industrial Strategy Council of experts from different regions, businesses and trade unions.

What Does It Mean For the UK?

Why > Creating an Industrial Strategy Council on a statutory footing would provide consistent, long-term planning for economic growth and innovation. Countries like Germany have successfully used similar models to coordinate industrial policy across regions and sectors. What Success Means > Success would result in a more competitive and innovative economy, with higher productivity, more job creation, and balanced regional development. It would also provide stability for businesses to invest and grow.
  • Economic Growth, Innovation and Technology, Kickstart economic growth, Policy area, Science

By 2030, the Government will aim to cover every household and business in the country with full 5G phone signal and data coverage as well as full gigabit coverage to provide ultra-fast internet connection for everyone.

Manifesto Section

Policy Area

Government Department

Accountable Minister

Department for Science, Innovation and Technology
#VALUE!

Commitment

Full 5G coverage by 2030

What Does It Mean For the UK?

Why > Full gigabit and 5G coverage is crucial for digital competitiveness. Currently, only 70% of UK premises have access to gigabit broadband. South Korea leads the world in digital infrastructure, with nearly universal 5G coverage. What Success Means > Success would mean universal high-speed internet access, boosting productivity, supporting remote work and learning, and attracting tech investments. It would also reduce the digital divide, ensuring equal opportunities for all.
  • Economic Growth, Kickstart economic growth, Policy area, Transport

British railway operatiors will not be allowed to renew, or bid to renew, their existing contracts, and the Government will run the railways through the public sector as each of the remaining private sector contracts expire organically, with no compensation paid by the taxpayer as a result to the private sector.

Manifesto Section

Policy Area

Government Department

Accountable Minister

Department for Transport
#VALUE!

Commitment

Nationalise rail as private contracts expire.

What Does It Mean For the UK?

Why > Labour’s commitment to reforming the railways and bringing them into public ownership follows models like France’s SNCF, where nationalized rail services are more integrated and efficient. This approach aims to address the UK’s fragmented rail system and improve service standards. Passengers suffer with overcrowding, delays and cancellations while paying up to 5 times more than our European neighbours as a percentage of wages (We Own It). What Success Means > Success would mean more reliable, affordable, and integrated rail services, improved passenger satisfaction, and reduced taxpayer subsidies for poorly performing private operators. It would also support economic growth by improving connectivity.
  • Economic Growth, Kickstart economic growth, Policy area, Work and Pensions

Central Government funding will be devolved to local regions/devolved administrations/local council authorities for the purpose of creating local strategies that join up work, health and skills to benefit local people in each of those sectors.

Manifesto Section

Policy Area

Government Department

Accountable Minister

Department for Work and Pensions
Liz Kendall

Commitment

Funding will be devolved to local areas to create a coordinated approach to work, health, and skills.

What Does It Mean For the UK?

Why > “Our ten years of experience working on health, skills and employment implementation alongside government at all levels gives us confidence that this devolution of funding is exactly the right approach” 【source > Social Finance】 .This allows regions to tailor programs to their specific needs, enhancing effectiveness and responsiveness to local labor markets. What Success Means > Increased effectiveness of local programs, improved employment outcomes, and higher community satisfaction.
  • Economic Growth, Economy, Kickstart economic growth, Policy area

Changes to taxation, spending and borrowing will only be made at the Budget in Autumn, meaning that there will only be one ‘major fiscal event’ per year to give as much clarity as possible to the general public and to businesses, organisations, companies, etc.

Manifesto Section

Policy Area

Government Department

Accountable Minister

HM Treasury
Rachel Reeves

Commitment

No more than one major fiscal event a year

What Does It Mean For the UK?

Why > Committing to one major fiscal event per year, with advanced notice for tax and spending changes, aims to provide economic stability and predictability for businesses and families. The current system, with multiple fiscal events and unexpected changes, creates uncertainty and complicates long-term planning. Countries like Germany have a predictable fiscal calendar, providing stability and confidence to the market. What Success Means > Economic Stability and Predictability > A single annual fiscal event would provide certainty, helping businesses plan their investments and households manage their finances effectively. This predictability is crucial for fostering a stable economic environment. Enhanced Public and Business Confidence > Transparent and predictable fiscal policies would increase public trust in government economic management, support economic growth, and enhance the UK’s reputation as a stable place for investment.
  • Economic Growth, Housing and Planning, Kickstart economic growth, Policy area

Compulsory Purchase Orders (CPOs) will be reformed, specifically the compulsory purchase compensation rules, to enable faster developments, provide benefits and better meet the Government’s housing targets.

Manifesto Section

Policy Area

Government Department

Accountable Minister

Ministry of Housing, Communities and Local Government
Angela Rayner

Commitment

Labour will reform compulsory purchase compensation rules to facilitate land assembly and accelerate site delivery for housing and infrastructure.

What Does It Mean For the UK?

Why > Streamlining Compulsory Purchase Orders (CPOs) would speed up land acquisition for development projects, minimizing delays and costs associated with public infrastructure and housing. Similar reforms in Ireland have enabled quicker land acquisition for essential projects. In the UK, this could lead to improved delivery of public services like transport and social housing. What Success Means > Success would manifest as shorter project timelines, reduced costs, and greater public confidence in government planning processes. This reform is vital for unlocking land for affordable housing in areas hindered by private ownership, mirroring effective changes seen in Ireland.
  • Economic Growth, Kickstart economic growth, Policy area, Taxation

Corporation Tax will remain at 25%, and will only change of other countries lower theirs and pose a risk of UK corporations moving overseas due to a possibly uncompetitive UK taxation rate in the future.

Manifesto Section

Policy Area

Government Department

Accountable Minister

HM Treasury
Rachel Reeve

Commitment

Cap corporation tax at 25%, unless other G7 countires lower theirs below

What Does It Mean For the UK?

Why > Labour’s commitment to capping corporation tax at 25%—currently the lowest in the G7—would make the UK a competitive destination for business investment. High corporation tax rates can deter investment, as businesses look for more favorable environments. Maintaining a competitive tax rate would help retain and attract businesses, supporting economic growth. Countries like Ireland have leveraged low corporate tax rates (12.5%) to attract multinational companies, driving significant economic growth. What Success Means > Maintained or Increased Foreign Direct Investment (FDI) > By keeping corporation tax at a competitive level, the UK would continue to attract FDI, supporting economic growth, innovation, and job creation. Enhanced Global Competitiveness > A capped corporation tax rate ensures the UK remains competitive globally, preventing companies from relocating to countries with more favorable tax environments. This policy would act as a buffer against economic shocks and global tax competition.
  • Economic Growth, Immigration, Kickstart economic growth, Policy area

Employers who breach visa rules and employment law will be banned from hiring workers from abroad.

Manifesto Section

Policy Area

Government Department

Accountable Minister

Home Office
Yvette Cooper

Commitment

Employers who breach the visa rules will be banned from sponsoring foreign workers

What Does It Mean For the UK?

Why > Introducing a ban on employers who breach visa rules from sponsoring foreign workers is intended to enhance compliance and prevent exploitation. The policy aims to ensure that employers adhere strictly to visa regulations and that migrant workers are treated fairly. This could deter unethical practices and improve the overall integrity of the immigration system. In the US, similar measures exist, where companies can be barred from sponsoring visas if they are found to violate labor or immigration laws. Implementing such a policy in the UK would ensure a more regulated and ethical labor market, protecting both migrant workers and the system’s integrity. What Success Means > Each of these policies, if implemented, could have profound impacts on the UK’s governance, regional development, immigration system, and local economies. The policies suggest a shift towards more localized governance and a controlled, need-based approach to immigration, aligning the UK more closely with some of its European and global counterparts in these areas.
  • Economic Growth, Economy, Kickstart economic growth, Policy area

Existing Government bodies advising on infrastructure will be merged into a new National Infrastructure and Service Transformation Authority which will work to set strategic infrastructure priorities and oversee the design, scope, and delivery of Government projects.

Manifesto Section

Policy Area

Government Department

Accountable Minister

HM Treasury
Rachel Reeves

Commitment

New National Infrastructure and Service Transformation Authority

What Does It Mean For the UK?

Why > Establishing a National Infrastructure and Service Transformation Authority would centralize strategic planning and delivery of infrastructure projects, similar to Australia’s Infrastructure Australia model, which oversees national priorities and project pipelines. What Success Means > Success would result in more efficient and timely infrastructure projects, reduced costs, and better alignment with national and regional priorities. It would also improve public trust in government spending.
  • Devolution, Economic Growth, Kickstart economic growth, Policy area

Further devolution compared to pre-July 2024, particularly in areas that lack devolved powers, with more encouragement for these areas to take on devolved powers.

Manifesto Section

Policy Area

Government Department

Accountable Minister

Ministry of Housing, Communities and Local Government
#VALUE!

Commitment

Further devolution to more areas

What Does It Mean For the UK?

Why > Labour’s plan for further devolution to more areas would likely extend beyond existing Combined Authorities to other regions that currently lack devolved powers. This would mean a greater local say over economic strategy, public services, and investment. The policy is rooted in the belief that decentralization can empower local communities and lead to more responsive governance. In Europe, countries like Spain (with its autonomous communities) and Italy (with its regions) have implemented strong forms of regional devolution. Extending devolution in the UK could align it more closely with these models, allowing for a more tailored approach to economic and social policies across different regions. What Success Means > Success would be demonstrated by increased local participation in governance and improved responsiveness to community needs.
  • Business and Trade, Economic Growth, Kickstart economic growth, Policy area

Government contract procurement rules will be reformed to enable SMEs greater access to government contracts, compared to the rate of Government contracts given to SMEs pre-July 2024.

Manifesto Section

Policy Area

Government Department

Accountable Minister

Department for Business and Trade
Jonathan Reynolds

Commitment

Government contract procurement reform

What Does It Mean For the UK?

Why > According to a British Chambers of Commerce survey, 49% of SMEs who accessed finance felt it had become more challenging over the past three years. Government contract procurement rules will be reformed to significantly increase the access of small and medium-sized enterprises (SMEs) to government contracts, improving upon the proportion of contracts awarded to SMEs prior to July 2024. What Success Means > This will create a more level playing field, supporting innovation, boosting local economies, and ensuring fairer distribution of public spending.
  • Devolution, Economic Growth, Kickstart economic growth, Policy area

Greater devolved powers for existing Combined Authorities, building on the Levelling-Up and Regeneration Act 2023.

Manifesto Section

Policy Area

Government Department

Accountable Minister

Ministry of Housing, Communities and Local Government
#VALUE!

Commitment

Further devolved powers for Combined Authorities

What Does It Mean For the UK?

Why > > If the Labour Party implements further devolved powers for Combined Authorities (like Greater Manchester or the West Midlands), it would mean more decision-making abilities being passed from Westminster to regional bodies. This could include control over transport, housing, education, and economic development. The rationale is to enable regions to better tailor policies to local needs, fostering regional growth and reducing disparities between different parts of the UK. Comparatively, countries like Germany and the United States have more devolved regional governments that allow for significant local governance, which has often been cited as a reason for their more balanced regional economic growth. What Success Means > Success for Labour’s devolution policy would involve local governments having more decision-making power and flexibility to address regional challenges. This would result in more efficient public services, better infrastructure, and balanced economic growth across the UK.
  • Economic Growth, Housing and Planning, Kickstart economic growth, Policy area

Grey belt’ land will be prioritised over greenbelt land for new developments, under new ‘golden rules’ to ensure these developments benefit their local communities and nature.

Manifesto Section

Policy Area

Government Department

Accountable Minister

Ministry of Housing, Communities and Local Government
#VALUE!

Commitment

The government will prioritize the release of lower quality ‘grey belt’ land for development while introducing ‘golden rules’ to ensure community benefits.

What Does It Mean For the UK?

Why > About 105,000 hectares, or 7%, of the Green Belt is classified as ‘developed,’ indicating proximity to urban areas. In outer London, nearly 1.7 million homes could potentially be constructed on these sites. Given that major urban extensions average around 36 homes per hectare, the actual potential capacity on this small portion of the Green Belt could be closer to 3.8 million homes【source > CBRE】. This policy aims to make better use of available land for housing while protecting valuable green spaces. What Success Means > Success would be evident in the sustainable development of housing projects that enhance community welfare and environmental conservation.
  • Immigration, Kickstart economic growth, Policy area, Secure Borders

Immigration numbers will be reduced from their past numbers.

Manifesto Section

Policy Area

Government Department

Accountable Minister

Home Office
Yvette Cooper

Commitment

bringing down migration.

What Does It Mean For the UK?

Why > Migration levels in the UK have been a hot political topic, with net migration reaching 606,000 in 2022. Labour aims to bring down migration levels, aligning immigration more closely with the UK’s economic needs and societal capacity, while ensuring the system remains fair and humane. Countries like Canada and Australia use a points-based system to manage immigration based on labor market needs, which Labour seeks to reform further in the UK. What Success Means > Success would mean a balanced approach to migration that meets the needs of the economy without overwhelming public services. It would also improve public confidence in the immigration system, ensuring it is fair, sustainable, and benefits the UK.
  • Economic Growth, Housing and Planning, Kickstart economic growth, Policy area

In order to “get Britain building again”, the new Government will continue similar pre-July 2024 policies towards greenbelt land, whilst adopting some new approaches to greenbelt land to meet their housing targets.

Manifesto Section

Policy Area

Government Department

Accountable Minister

Ministry of Housing, Communities and Local Government
Angela Rayner

Commitment

Labour will take a more strategic approach to the designation and release of greenbelt land to increase housing availability without changing its overall purpose.

What Does It Mean For the UK?

Why > The UK is currently falling short of its annual target of 300,000 homes in England; The Green Belt covers around 13% of England’s total land area. Some say that 1% of the Green Belt could deliver 738,000 homes, which is almost half of Labour’s housing target 【source > Mortgage Solutions】. The aim is to balance housing development needs with environmental conservation and community interests. What Success Means > Success would be evident in sustainable housing developments that respect greenbelt land and enhance local ecosystems.
  • Economic Growth, Kickstart economic growth, Policy area, Work and Pensions

Jobcentre Plus and the National Careers Service will be merged into one organisation.

Manifesto Section

Policy Area

Government Department

Accountable Minister

Department for Work and Pensions
#VALUE!

Commitment

Jobcentre Plus and the National Careers Service will be integrated.

What Does It Mean For the UK?

Why > As of March 2024, approximately 900,000 young people in the UK were classified as NEET (not in education, employment, or training), representing about 1 in 8 youth and an increase of 1.1 percentage points from the previous year 【source > Fee Week】 . This statistic underscores the need for effective policies, such as integrating Jobcentre Plus and the National Careers Service, to provide better support and resources for young people.This integration aims to streamline services and provide comprehensive support for job seekers. What Success Means > Enhanced user experience, improved job placement rates, and more efficient service delivery.
  • Economic Growth, Housing and Planning, Kickstart economic growth, Policy area

Local authorities will be supported by funding for additional planning officers, through increasing the rate of stamp duty surcharge paid by non-UK residents, compared to pre-July 2024 rates.

Manifesto Section

Policy Area

Government Department

Accountable Minister

Ministry of Housing, Communities and Local Government
Angela Rayner

Commitment

The government will provide funding for additional planning officers to assist local authorities in managing housing development effectively.

What Does It Mean For the UK?

Why > Increasing planning resources is intended to reduce bottlenecks in housing development processes and improve efficiency. What Success Means > Success would be reflected in shorter planning timelines and an increase in approved housing developments.
  • Economic Growth, Kickstart economic growth, Policy area, Transport

Local majors and local authorities will be given new powers which will enable them to franchise local bus services, as well as removing the ban on municipal ownership.

Manifesto Section

Policy Area

Government Department

Accountable Minister

Department for Transport
#VALUE!

Commitment

Local leaders can franchise bus services. Lift ban on municipal ownership.

What Does It Mean For the UK?

Why > It gives greater public control over how funding is used to support the local transport network (Centre For Cities). Labour’s plan to empower mayors to create unified transport systems reflects the success of models like Transport for London, which offers integrated, affordable, and reliable public transportation. This approach would allow local leaders to address specific regional needs. What Success Means > Success would mean seamless, affordable transport options, reduced congestion and pollution, and enhanced quality of life. It would also foster economic growth by improving mobility for workers and businesses.
  • Economic Growth, Kickstart economic growth, Policy area, Transport

Mayors will be given the power to unify and integrate transport systems in order to improve passenger journeys, as part of Labour’s pledge to increase devolved powers.

Manifesto Section

Policy Area

Government Department

Accountable Minister

Department for Transport
#VALUE!

Commitment

Mayors can unify/integrate transport systems

What Does It Mean For the UK?

Why > “In large European cities, almost seven in ten people can reach their city centre in less than 30 minutes, compared to just four in ten in UK cities outside London” (Centre For Cities). Mand city representatives will know which journeys are best for the public who live in their cities. Without Mayors having the devolved powers to act on this, there will not be as an efficient system for city residence. What Success Means > to see cities having smoother transport systems which are less crowded as mayors take action to allow for smoother journeys.
  • Economic Growth, Kickstart economic growth, Policy area, Transport

More charge points for electric vehicles will be installed in the UK and sales and usage of electric vehicles will increase compared with the pre-July 2024 rate.

Manifesto Section

Policy Area

Government Department

Accountable Minister

Department for Transport
#VALUE!

Commitment

Number of charge points installed

What Does It Mean For the UK?

Why > Accelerating the rollout of EV charge points is essential for supporting the growing demand for electric vehicles and meeting climate targets. The UK currently has about 45,000 public EV charge points, but experts estimate that at least 300,000 will be needed by 2030 to meet demand. Countries like Norway, which leads the world in EV adoption, have invested heavily in public charging infrastructure, ensuring that EV users have widespread and easy access to charging facilities. What Success Means > Increased EV Adoption and Reduced Emissions > A more extensive network of charging points would encourage more people to switch to electric vehicles, supporting the UK’s goal of achieving net-zero emissions by 2050. It would also reduce dependency on fossil fuels and improve air quality. Boosted Green Economy and Job Creation > Investing in EV infrastructure would stimulate the green economy, creating jobs in manufacturing, installation, and maintenance of charge points, as well as supporting the wider EV supply chain.
  • Economic Growth, Immigration, Kickstart economic growth, Policy area

Net migration levels during the 2024-2029 Parliament will be lower compared to pre-July 2024.

Manifesto Section

Policy Area

Government Department

Accountable Minister

Home Office
Yvette Cooper

Commitment

Labour will aim to reduce net migration by implementing stricter immigration policies and controls, ensuring that the number of incoming migrants aligns with labor market needs.

What Does It Mean For the UK?

Why > The UK’s net migration rate in 2023 was 685,000, which is the balance of people moving into and out of the country【source > The House of Commons Library & Migration Observatory】. Labour’s policy to reduce net migration is aimed at addressing concerns about pressure on public services, housing, and the labor market. This approach involves managing the balance between the number of people entering and leaving the country. The UK has seen significant net migration in recent years, and a reduction could help in managing social and economic integration. What Success Means > Success would be reflected in a measurable decrease in net migration figures, with public services able to operate more effectively and a stronger sense of community cohesion.
  • Immigration, Kickstart economic growth, Policy area, Secure Borders

New laws and rules will be created to stop employers and recruiters whon have broken employment law from hiring workers from overseas on lower wages than British workers.

Manifesto Section

Policy Area

Government Department

Accountable Minister

Home Office
Yvette Cooper

Commitment

New powers to ban hiring from overseas for employers and recruitment agencies who break employment law. An end to workplace exploitation, where migration is used as a way to undercut the terms and conditions of workers here.

What Does It Mean For the UK?

Hiring overseas workers if they break employment laws is aimed at preventing workplace exploitation and ensuring fair labor practices. Exploitative practices such as underpayment, poor working conditions, and using migrant labor to undercut local wages have been significant issues in the UK. In 2022, the UK’s National Minimum Wage Enforcement Team recovered £16.5 million in unpaid wages for 155,000 workers, indicating a widespread problem of underpayment. Countries like Germany and Australia have stringent penalties for companies that violate employment laws, including fines and restrictions on hiring foreign workers, which have proven effective in deterring illegal practices. What Success Means > Success in reducing workplace exploitation would result in a significant decrease in underpayment and poor working conditions, especially in sectors like agriculture, hospitality, and care, where migrant workers are often employed. This would foster a fairer labor market by ensuring all workers, regardless of origin, are treated equitably under the law. By introducing bans and incentives for companies to comply with labor standards, the policy would improve adherence to minimum wage laws, health and safety regulations, and proper contract terms. It would also protect local workers’ wages and conditions by preventing migrant labor from undercutting pay, ensuring that workers are not exploited, and avoiding a “race to the bottom.” Additionally, the policy would encourage ethical recruitment practices, compelling agencies to adopt transparent systems and reduce modern slavery and exploitation. A robust enforcement mechanism, like a Single Enforcement Body, would ensure the policy’s effectiveness by investigating and penalizing violators, mirroring systems in countries like Norway. Ultimately, this approach would boost public confidence in the immigration system, demonstrating a commitment to treating migrant workers fairly and preventing exploitation.
  • Economic Growth, Kickstart economic growth, Policy area, Transport

New regulations determining how the status of a second-hand electric car battery is listed when put up for sale will be created to give more information to the purchasers of second-hand electric cars, to prevent electric cars with poor or declining batteries from being sold to unsupecting buyers.

Manifesto Section

Policy Area

Government Department

Accountable Minister

Department for Transport
#VALUE!

Commitment

Standardised battery condition information for electric cars

What Does It Mean For the UK?

Why > Supporting the second-hand EV market by standardizing information on battery condition would address concerns about battery life and performance, which are key factors for consumers when purchasing used EVs. Clear, standardized information would help build consumer confidence and ensure the long-term sustainability of the EV market. In countries like the United States, standardized battery health certifications are increasingly becoming part of used EV sales to provide transparency and trust. What Success Means > Increased Consumer Confidence and Market Growth > Standardizing battery condition information would make it easier for consumers to buy second-hand EVs, expanding the market and making EVs more accessible to lower-income households. Promotion of Sustainable Practices and Circular Economy > Supporting the second-hand EV market would extend the life cycle of electric vehicles, reduce waste, and promote sustainable consumption practices, contributing to a circular economy in the automotive sector.
  • Economic Growth, Innovation and Technology, Kickstart economic growth, Policy area, Science

New regulations to be placed on the companies developing the most powerful AI models to ensure the safe development and use of these AI models, as well as banning the creation of sexually explicit deepfakes to achieve this aim.

Manifesto Section

Policy Area

Government Department

Accountable Minister

Department for Science, Innovation and Technology
#VALUE!

Commitment

Regaulate AI companies and ban sexually explicit deepfakes

What Does It Mean For the UK?

Why > A YouGov survey in late 2023 showed that nearly half of the 2,067 respondents did not feel they had a good grasp of impending impact of AI technology (CIPD). Additionally, ESET UK Research reveals that nearly two-thirds of women fear becoming victims of deepfake pornography. These regulations aim to protect individuals’ privacy, ensure AI is developed responsibly, and safeguard society from the dangers of malicious or unethical AI use. What Success Means > Success means creating a safer, more accountable AI landscape, where innovation is balanced with strong ethical standards. It also involves reducing the risk of harm, such as the exploitation of deepfake technology, while promoting the responsible advancement of AI that benefits society.
  • Devolution, Economic Growth, Kickstart economic growth, Policy area

Replacement of the current ‘wasteful’ bidding system for local funding with new multiyear funding settlements, to provide more security and stability for local authorities.

Manifesto Section

Policy Area

Government Department

Accountable Minister

Ministry of Housing, Communities and Local Government
#VALUE!

Commitment

Labour will provide councils with multiyear funding settlements, reducing the need for competitive bidding for funds and allowing for better financial planning.

What Does It Mean For the UK?

Why > Replacing the current bidding system for local funding with multi-year funding settlements would provide greater financial stability for local authorities. Currently, the competitive bidding process can be resource-intensive and create uncertainty. By shifting to multi-year settlements, local governments could better plan and invest in long-term projects. This approach would align the UK more with countries like Denmark or Sweden, where local authorities often have more predictable funding streams, allowing for more strategic and long-term local governance. What Success Means > Success would mean local councils can effectively plan and implement projects over several years, leading to improved services and infrastructure.
  • Economic Growth, Housing and Planning, Kickstart economic growth, Policy area

Restrictions to be placed on international investors buying housing developments, especially in circumstances where the houses have not yet been built.

Manifesto Section

Policy Area

Government Department

Accountable Minister

Ministry of Housing, Communities and Local Government
#VALUE!

Commitment

Labour will end the practice of selling entire housing developments to international investors before construction, ensuring local buyers have first access to new homes.

What Does It Mean For the UK?

Why > Restricting the sale of large housing developments to foreign buyers could make housing more affordable for UK residents. Similar policies in Canada have cooled overheated markets by stabilizing property prices and boosting local homeownership. For the UK, success would mean more available homes for local buyers, slower price increases, and higher homeownership rates among citizens, ensuring that housing stays affordable and communities remain stable. What Success Means > Success would be evident in a significant reduction in housing shortages, leading to increased availability of homes for local buyers. Additionally, a rise in homeownership rates among UK citizens could contribute to economic stability and community resilience.
  • Economic Growth, Housing and Planning, Kickstart economic growth, Policy area

Right to buy will be restricted in order to ensure a greater stock of social rented housing.

Manifesto Section

Policy Area

Government Department

Accountable Minister

Ministry of Housing, Communities and Local Government
#VALUE!

Commitment

The government will review the increased Right to Buy discounts introduced in 2012 and enhance protections for newly-built social housing to prevent loss of affordable housing stock.

What Does It Mean For the UK?

Why > The number of social rented homes in England has been declining. In the 1960s, over 200,000 social homes were built, but by 2020, that number was under 10,000 【source > Shelter England & Crisis & Centre for Cities 】. This policy aims to ensure that social housing remains available and accessible to those in need, thereby combating housing shortages and preserving community stability. Countries like Canada have implemented policies to protect public housing stock, ensuring housing affordability【source > Housing, Infrastructure and Communities Canada】. What Success Means > Success would mean a measurable decrease in the loss of social housing units, leading to improved availability of affordable housing for low-income families.
  • Economic Growth, Innovation and Technology, Kickstart economic growth, Policy area, Science

Ten-year budgets will be introduced for key RandD institutions to replace the more volatile short funding cycles currently used.

Manifesto Section

Policy Area

Government Department

Accountable Minister

Department for Science, Innovation and Technology
#VALUE!

Commitment

Replace short funding cycles for key RandD institutions with 10-year budgets

What Does It Mean For the UK?

Why > The UK’s R&D expenditure as a share of GDP is low, with government-performed R&D accounting for just 0.12%. This falls below the OECD averages of 0.24% in 2019 and 0.26% in 2020 (Independent Review of the UK’s Research, Development and Innovation Organisational Landscape). Long-term budgets provide stability, enabling R&D institutions to plan and execute ambitious, high-impact projects without the uncertainty of short-term funding cuts. This approach fosters innovation, strengthens the UK’s global competitiveness, and ensures consistent progress in critical scientific and technological areas. What Success Means > Success means enhanced innovation capacity, groundbreaking research outcomes, increased international collaboration, and a stronger position for the UK as a global leader in science and technology. It also ensures sustained job creation and economic growth driven by advanced R&D efforts.
  • Economic Growth, Housing and Planning, Kickstart economic growth, Policy area

The Affordable Homes Programme will be reformed to ensure more homes are delivered from existing funding, and support given to councils and housing associations to build more houses to contribute to the affordable housing supply.

Manifesto Section

Policy Area

Government Department

Accountable Minister

Ministry of Housing, Communities and Local Government
#VALUE!

Commitment

The government will modify the Affordable Homes Programme to enhance housing supply and support councils and housing associations in building capacity.

What Does It Mean For the UK?

Why > Reforming the Affordable Homes Programme to focus on genuinely affordable and social housing could mirror successful models from Austria, which ensures accessibility for low-income families. This shift could profoundly impact vulnerable groups in the UK by increasing the availability of affordable housing. Emphasizing affordability and community needs might lead to the construction of a significant number of new affordable units, thereby reducing waiting lists and enhancing living conditions for those in need. Ultimately, this policy aims to combat homelessness and offer stable, long-term housing solutions. What Success Means > Success would be measured by an increase in the number of affordable homes built and enhanced collaboration with local councils and housing associations.
  • Economic Growth, Economy, Kickstart economic growth, Policy area

The banking sector and its regulations will be reformed to encourage growth in the sector.

Manifesto Section

Policy Area

Government Department

Accountable Minister

HM Treasury
Rachel Reeves

Commitment

Support Open Banking and Open Finance

What Does It Mean For the UK?

Why > Nationally, the financial and professional services industry contributed a record £110.2bn to the public purse in 2023 (City of London). In order to help support the weakest parts of our public services, we must have a strong financial sector which can produce a vast percentage of tax revenue. What Success Means > Success would result in increased tax revenues, more growth and jobs added into the sector, and allow London to become a leader of global finance once more, which ultimately produce a great deal of tax revenue.
  • Business and Trade, Economic Growth, Kickstart economic growth, Policy area

The British Business Bank will be reformed, with a stronger mandate to support devolved growth, which will enable greater access to capital for small to medium sized enterprises (SMEs).

Manifesto Section

Policy Area

Government Department

Accountable Minister

Department for Business and Trade
Jonathan Reynolds

Commitment

British Business Bank reform and greater access to capital

What Does It Mean For the UK?

Why > Securing new capital, including bank loans, grants, and private equity, is the biggest challenge for over a quarter of UK mid-sized businesses, according to recent research by accounting firm BDO. Government contract procurement rules will be reformed to significantly increase the access of small and medium-sized enterprises (SMEs) to government contracts, improving upon the proportion of contracts awarded to SMEs prior to July 2024. What Success Means > This will create a more level playing field, supporting innovation, boosting local economies, and ensuring fairer distribution of public spending.
  • Economic Growth, Economy, Kickstart economic growth, Policy area

The co-operative and mutuals sector will be doubled in size compared to pre-July 2024.

Manifesto Section

Policy Area

Government Department

Accountable Minister

HM Treasury
Rachel Reeves

Commitment

Double co-operative and mutuals secotr

What Does It Mean For the UK?

Why > The co-operative and mutual economy’s total income reached a record £165.7 billion in 2024 (COOP.UK). By expanding the co-operatives and mutuals sector, the government seeks to encourage social responsibility, reduce inequality, and enhance economic resilience. What Success Means > Success means a significant growth in the number of co-operatives and mutual organizations, leading to increased job opportunities, greater community involvement, and a stronger, more diverse economy. It also means a shift towards more ethical, people-centered businesses that contribute to long-term social and economic stability.
  • Economic Growth, Kickstart economic growth, Policy area, Taxation

The current system of ‘full expensing’, a 100% first-year allowance which allows companies to claim a deduction from taxable profits that is equal to 100% of their qualifying expenditure in the year that expenditure is incurred, will be retained..

Manifesto Section

Policy Area

Government Department

Accountable Minister

HM Treasury
Rachel Reeves

Commitment

Retain a permanent full expensing system for capital investment and the annual investment allowance for small business.

What Does It Mean For the UK?

Why > Retaining a permanent full expensing system allows businesses to deduct the cost of capital investments (e.g., machinery, equipment) from their taxable profits immediately. The annual investment allowance for small businesses provides similar benefits for smaller-scale investments. These incentives encourage businesses to invest in productivity-enhancing capital, drive growth, and remain competitive. The United States has a similar expensing policy under the Tax Cuts and Jobs Act, which has been credited with boosting business investment. What Success Means > Higher Business Investment and Productivity > The full expensing system would encourage businesses to invest in new technology and equipment, leading to higher productivity and economic growth. Small businesses would particularly benefit, reducing the upfront cost of expansion and modernization. Support for Innovation and Modernization > By incentivizing capital investments, the policy would foster innovation across various sectors, helping businesses modernize and compete in the global market.
  • Economic Growth, Kickstart economic growth, Policy area, Transport

The date for phasing out the sale of new cars with internal combustion engines, which was scrapped by the previous Government, will be restored so that no new cars with internal cobustion engines (ICEs) can be sold after 2030.

Manifesto Section

Policy Area

Government Department

Accountable Minister

Department for Transport
#VALUE!

Commitment

No new internal combusiton engine cars from 2030 and phase out for this to be implemneted by 2030. We would expect circa 50,000 IE sold eaach year going down to Zer…..

What Does It Mean For the UK?

Why > Labour’s policy to restore the 2030 phase-out date for new ICE vehicles provides certainty to manufacturers and consumers, supporting the shift towards zero-emission vehicles. The previous commitment to phase out new petrol and diesel cars by 2030 was seen as a bold step towards reducing carbon emissions, but recent delays have created uncertainty. Countries like the Netherlands and Germany have set similar targets, creating a clear roadmap for the automotive industry to transition to greener alternatives. What Success Means > Certainty for Manufacturers and Accelerated Innovation > Restoring the 2030 phase-out date would give automotive manufacturers a clear timeline for transitioning to electric vehicle production, driving innovation and investment in EV technology. Reduced Greenhouse Gas Emissions and Improved Air Quality > Enforcing a 2030 ban on new ICE vehicles would significantly cut emissions from road transport, contributing to the UK’s climate goals and improving public health by reducing air pollution.
  • Economic Growth, Economy, Kickstart economic growth, Policy area

The Government will crack down on late payments to ensure small businesses and the self-employed are paid on time.

Manifesto Section

Policy Area

Government Department

Accountable Minister

HM Treasury
Rachel Reeve

Commitment

Crack down on late payments

What Does It Mean For the UK?

Why > Smart Data Foundry estimates that late payments cost small and medium-sized enterprises (SMEs) £22,000 a year on average . Late payments create significant financial strain on small businesses and self-employed individuals, limiting their ability to invest, grow, or even stay operational. Addressing this issue will improve cash flow and reduce the risk of insolvencies among smaller enterprises, which are vital to the UK economy. What Success Means > Success means a reduction in payment delays, improved financial stability for small businesses, and a stronger, more resilient SME sector that can contribute more effectively to job creation and economic growth.
  • Economic Growth, Housing and Planning, Kickstart economic growth, Policy area

The Government will prioritise the building of new social rented housing and work to maintain both new and existing social housing stock by reviewing the increased right to buy discounts introduced in 2012.

Manifesto Section

Policy Area

Government Department

Accountable Minister

Ministry of Housing, Communities and Local Government
#VALUE!

Commitment

Labour will prioritize building new social rented homes and enhance protections for existing stock by reviewing current policies.

What Does It Mean For the UK?

Why > In 2022, there were approximately 4.1 million social and affordable rented homes in England, which is about 16% of the total housing stock. This is a decrease from 5.5 million homes in 1979, when the social housing sector was much larger 【source > Commons Library】. The government aims to address the increasing demand for affordable housing and reduce homelessness among vulnerable populations. What Success Means > Success would involve an increase in the number of new social rented homes constructed and improved conditions for existing housing, resulting in a reduction in waiting lists.
  • Economic Growth, Innovation and Technology, Kickstart economic growth, Policy area, Science

The Industrial Strategy for the 2024-29 Parliament will focus on supporting development in the Artificial Intelligence (AI) sector, plus reform to remove barriers to enable the creation of new datacentres more easily.

Manifesto Section

Policy Area

Government Department

Accountable Minister

Department for Science, Innovation and Technology
#VALUE!

Commitment

Industrial strategy to support AI and Datacentre planning reform.

What Does It Mean For the UK?

Why > A new report from the trade body found data centers are already contributing £4.7 billion in Gross Value Added (GVA) annually to the UK economy. By removing barriers to the development of data centers, the strategy will help create the infrastructure needed to support AI advancements, enhance data storage capacity, and boost digital transformation across industries. What Success Means > Success means a thriving AI sector that drives technological innovation, job creation, and economic growth. It also means the establishment of more data centers, improving the UK’s digital infrastructure, supporting the growth of tech businesses, and ensuring the country remains competitive in the global digital economy.
  • Economic Growth, Housing and Planning, Kickstart economic growth, Policy area

The new Government will build several ‘new towns’, following in the footsteps of the New Towns Act 1946.

Manifesto Section

Policy Area

Government Department

Accountable Minister

Ministry of Housing, Communities and Local Government
Angela Rayner

Commitment

The government will initiate plans to develop a new generation of new towns, inspired by historical precedents.

What Does It Mean For the UK?

Why > The UK has a backlog of 4.3 million homes that are missing from the housing market 【source > Centre for Cities】. This initiative aims to alleviate housing shortages and provide modern amenities in well-planned communities.” The towns will also help meet housing need by targeting rates of 40% affordable housing with a focus on genuinely affordable social rented homes”【source > GOV.UK】 . What Success Means > Success would be measured by the successful completion and occupancy of these new towns, contributing to housing supply and community development.
  • Economic Growth, Immigration, Kickstart economic growth, Policy area

The new Skills England body which will be established by the new Government will work formally with the existing Migration Advisory Committee to make sure training in England accounts for the overall needs of the labour market, and that the changes to the previous Government’s points-based immigration system reflect the needs of the UK labour market when determining the annual rate of immigration (for workers).

Manifesto Section

Policy Area

Government Department

Accountable Minister

Home Office
Yvette Cooper

Commitment

The Migration Advisory Committee will be strengthened, establishing collaborative frameworks with skills bodies, the Industrial Strategy Council, and the Department for Work and Pensions.

What Does It Mean For the UK?

Why > This aims to ensure that migration policies align with labor market needs, improving workforce planning and integration. Australia has a system that combines migration policy with labor market needs, through its Skilled Migration Program. This program, overseen by the Department of Home Affairs, employs advisory councils that regularly assess labor market conditions to ensure that immigration aligns with economic requirements 【source > Asutralian Government Department of Home Affairs】. What Success Means > Better alignment of immigration policies with labor market demands, increased satisfaction from employers regarding skill availability, and improved outcomes for migrants in the workforce.
  • Economic Growth, Immigration, Kickstart economic growth, Policy area

The new Skills England body which will be established by the new Government will work formally with the existing Migration Advisory Committee to make sure training in England accounts for the overall needs of the labour market, and that the changes to the previous Government’s points-based immigration system reflect the needs of the UK labour market when determining the annual rate of immigration (for workers).

Manifesto Section

Policy Area

Government Department

Accountable Minister

Home Office
Yvette Cooper

Commitment

reform the points-based immigration system to make it fairer and more manageable, linking immigration policy directly to skills needs in the economy. This includes setting appropriate restrictions on the types of visas available.

What Does It Mean For the UK?

Why > Reforming the points-based immigration system would involve adjusting the criteria for immigrants based on the UK’s economic needs, skills shortages, and demographic requirements. The goal is to ensure that the immigration system is fair, transparent, and focused on attracting the best talent. This reform could lead to changes in visa categories, requirements, and pathways to permanent residency. Similar to Canada and Australia, which have flexible points-based systems that can be adjusted based on economic needs, the UK could benefit from a more dynamic and responsive immigration framework. Canada employs a points-based system to evaluate potential immigrants based on their skills and ability to contribute to the economy, resulting in lower unemployment rates and higher job satisfaction 【source > Wiley ONline Library】 . What Success Means > Success would mean an immigration system that effectively fills skills gaps in the economy without overwhelming local job markets, leading to a balanced approach to net migration.
  • Economic Growth, Kickstart economic growth, Policy area, Transport

The planned A27 bypass will be delayed until an unspecified date in order to pay for fixing 1 million more potholes per year than the pre-Juily 2024 annual rate for every year of the 2024-29 Parliament.

Manifesto Section

Policy Area

Government Department

Accountable Minister

Department for Transport
#VALUE!

Commitment

Fix one million potholes annually – hpw ,ayn pot hotles do we fix now and thefore waht does 1m more

What Does It Mean For the UK?

Why > Labour plans to fix an additional one million potholes across England each year of the next parliament, funded by deferring the A27 bypass project. Potholes are a significant issue for road safety and vehicle maintenance, costing drivers an estimated £1.7 billion annually in damages. Countries like Germany have maintained high standards for road quality by prioritizing maintenance and repair over new road construction, leading to safer and more efficient transportation networks. What Success Means > Enhanced Road Safety and Reduced Vehicle Damage > Fixing potholes would improve road safety, reduce vehicle maintenance costs, and lower accident rates. It would also improve the overall driving experience, reducing congestion and delays caused by damaged roads. More Efficient Use of Public Funds > By deferring large-scale road projects like the A27 bypass and focusing on maintaining existing infrastructure, Labour’s policy would ensure that public funds are used more effectively, addressing urgent issues and delivering immediate benefits to road users, before trying to make new roads.
  • Immigration, Kickstart economic growth, Policy area, Secure Borders

The points-based immigration system introducd by the last Government will be changed.

Manifesto Section

Policy Area

Government Department

Accountable Minister

Home Office
Yvette Cooper

Commitment

Reform the points-based immigration system

What Does It Mean For the UK?

Why > Labour plans to reform the points-based immigration system to better match economic needs and fill critical skill gaps while ensuring fair treatment of workers. The UK’s current system has been criticized for being too rigid and not responsive enough to the dynamic needs of the economy. Australia’s system, known for its flexibility in adjusting to labor market demands, could serve as a model for the UK. What Success Means > Success would result in a more flexible, responsive immigration system that meets the UK’s needs for skills and talent while protecting the rights of workers. This would help businesses thrive, reduce illegal working practices, and contribute to economic growth.
  • Business and Trade, Economic Growth, Kickstart economic growth, Policy area

The Royal Mail will undergo a review to see if a new business and governance model can be implemented to give workers and customers a greater level of control in the governnce and direction of the Royal Mail, especially after the prosecution of Postmasters and the Inquiry into the Post Office scandal.

Manifesto Section

Policy Area

Government Department

Accountable Minister

Department for Business and Trade
Jonathan Reynolds

Commitment

Review Royal Mail governance and business model

What Does It Mean For the UK?

Why > Labour plans to explore new business and governance models for Royal Mail to ensure that both workers and customers have a stronger voice in the company’s strategic direction. Royal Mail, privatized in 2013, has faced challenges such as strikes, service quality issues, and financial instability. Labour’s approach could involve more cooperative or mutual ownership models, similar to those seen in countries like Denmark and Germany, where postal services are partly owned by employees and the public. These models can lead to improved service quality and employee satisfaction by aligning the company’s goals with the interests of its stakeholders. What Success Means > Improved Service Quality and Customer Satisfaction > With stronger governance models that include worker and customer representation, Royal Mail could see enhanced accountability and better decision-making, resulting in more reliable and efficient postal services. Greater Employee Engagement and Stability > Involving workers in governance could lead to better morale, fewer strikes, and a more motivated workforce, contributing to the overall stability and success of Royal Mail.
  • Economic Growth, Kickstart economic growth, Policy area, Work and Pensions

We will also guarantee two weeks’ worth of work experience for every young person

Manifesto Section

Policy Area

Government Department

Accountable Minister

Department for Work and Pensions
#VALUE!

Commitment

Every young person will be guaranteed two weeks of work experience.

What Does It Mean For the UK?

Why > A report from Youth Employment UK highlights that work experience is seen as crucial for developing skills and confidence, with many young people expressing a desire for shorter, more varied placements rather than traditional week-long experiences【source > CIPD & Speakers fro Schools】. This initiative is intended to provide practical experience and improve employability for youth entering the job market. Germany has a well-established dual education system that combines classroom learning with practical work experience, effectively preparing young people for the job market 【source > CIPD】 What Success Means > Increased employment rates among young people, along with positive feedback on the quality of work experience opportunities.
  • Economic Growth, Housing and Planning, Kickstart economic growth, Policy area

Within the first year of the 2024-29 Parliament, the National Policy Planning Framework will be updated to include the restoration of national housing targets.

Manifesto Section

Policy Area

Government Department

Accountable Minister

Ministry of Housing, Communities and Local Government
Angela Rayner

Commitment

Restore national housing targets

What Does It Mean For the UK?

Why > “Repeatedly missed housebuilding targets have created a shortfall of 4.3 million homes in the UK” (Mortgage Solutions UK). Revising the National Policy Planning Framework (NPPF) would reinstate national housing targets. This move is aimed at providing a clear, consistent, and measurable benchmark for housing development across the country, ensuring local authorities prioritize building new homes to meet the growing demand. What Success Means > By updating the NPPF, the government seeks to address regional disparities in housing availability, streamline planning processes, and encourage sustainable growth in line with its broader housing strategy.