Brief
UK Chancellor John Healey to launch new industrialisation agenda at Labour conference
The Chancellor will outline investment in shipbuilding, a marine research vessel and a new manufacturing park as part of a broader push to revive Britain’s industrial base.
By Felo News Desk · Published
John Healey, the UK Chancellor, will use his speech at the Labour conference in Liverpool on Monday to announce a new industrialisation agenda. He will outline support for British shipyards, including a new marine research vessel and floating docks at a submarine base on the Clyde. Healey will also highlight a new advanced manufacturing park on the former Orgreave coal mine site near Sheffield, describing it as evidence that Britain still has an industrial future.
Healey said the Chancellor’s politics are shaped by the industrial heartlands of South Yorkshire and that investment in shipbuilding can boost defence capability while expanding a base that has suffered years of decline. He will also address the recent departure of billionaire Sir Peter Lampl, who has moved to the US, and the broader issue of wealthy individuals leaving the UK.
Lampl, who founded the Sutton Trust charity, cited traffic congestion and anti‑car policies as reasons for his move. Healey acknowledged the need to curb the exodus of high‑taxpayers and hinted that the capital gains tax rate could be raised in the next Budget. He also noted that the UK’s capital gains tax rate is the lowest among G7 nations.
Opposition parties have criticised Healey’s plans, with Tory Shadow Chancellor Andrew Griffith accusing him of failing to fund defence spending to 3 % by 2030 and of re‑heating earlier shipbuilding announcements without securing the necessary funding.
Key facts
- Healey will announce support for British shipyards, including a new marine research vessel and floating docks at a submarine base on the Clyde (dailymail.co.uk)
- A new advanced manufacturing park will be built on the former Orgreave coal mine site near Sheffield (dailymail.co.uk)
- Sir Peter Lampl, a billionaire who founded the Sutton Trust, has moved to the US citing traffic and anti‑car policies (dailymail.co.uk)
- Healey hinted that the capital gains tax rate could be raised in the next Budget (dailymail.co.uk)
- Tory Shadow Chancellor Andrew Griffith criticised Healey for not funding defence spending to 3 % by 2030 (dailymail.co.uk)
Sources
- [1] dailymail.co.uk — originally reported as “John Healey to pledge 'new industrial age' as another tycoon quits UK”
