The UK has an enviable science and technology heritage and track record. Despite this, we invest less than most other advanced countries in R&D and frequently fail to gain the commercial benefits of our scientific discoveries. This situation has been made worse by a decade of slow growth and the multiple uncertainties caused by Brexit. The Labour party has a range of policies aimed at tackling these issues and thereby improving economic performance and the availability of high-quality jobs. Chi Onwurah MP, Shadow BEIS Minister for Industrial Strategy, will lead a roundtable to outline Labour policies and discuss how they can be practically and effectively delivered.
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Delivering a master class in understanding the complex issues of housing, Shadow Secretary of State for Housing, Rt. Hon. John Healey MP, led a lunchtime Industry Forum briefing this week at the City HQ of NHBC. Topics covered included the benefits of a more proactive government approach and an overarching framework for housing planning, greater local government involvement in housing supply and allocation, the consumer rights of renters, land availability, energy conservation, and the potential impact of Brexit on the construction industry. There was general view about the need for more real dialogue between government and industry to tackle some of the long-term issues relating to housing which, if solved, would address serious social problems and also help the economy work more effectively. There was surprise that, despite Brexit, the large numbers of civil servants working in the housing area have not succeeded in making more progress, particularly on matters arising from the Grenfell Tower tragedy.
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Bringing a refreshing can-do approach to financial issues, Shadow Treasury Minister, Dr Anneliese Dodds MP, led a comprehensive Industry Forum breakfast briefing on Labour party plans for tackling long-standing UK productivity problems. Actions on investment, skills, and regional imbalances are essential but so too is a change in Treasury attitudes to a balanced dialogue with departments, and with the UK regions. Discussion ranged across funding for new infrastructure investment, a new National Investment Bank, public ownership, and employee share ownership. The meeting was held at the new offices of British Water and Lila Thompson, CEO of British Water, outlined the key features of the British Water Industry.
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Join members of the Shadow Treasury and BEIS teams for an evening reception at the Labour Party conference.
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A modern economy needs a good physical and digital infrastructure to support business, education, leisure and social services. But, infrastructure projects usually require long term planning and investment. Policy uncertainty, policy changes and priority changes can therefore all lead to lack of action or the waste of effort and resources on cancelled or modified projects. A successful UK industrial strategy therefore ideally needs political and social consensus on priorities, investment levels and individual projects. Sir John Armitt, Chairman of the National Infrastructure Commission, will give his views on the need for greater consensus and lead a discussion on how it could be achieved.
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In brilliant form, Rt Hon Yvette Cooper MP, Chair of the powerful Home Affairs Select Committee, led an Industry Forum briefing at the Bankside offices of FleishmanHillard Fishburn. With great precision, she unravelled the complexities of the Brexit negotiations, the problems of the rigid red lines, the difficult parliamentary arithmetic, and how her cross-party committee is holding the Government to account on a wide variety of related immigration issues. The discussion inevitably led to the need for consensus building on Brexit as a path to moving forward and starting to remove the Brexit uncertainty that is so damaging to business. On a note of hope, Yvette, outlined how such a process could begin, although it would require political compromises. To a business audience this would seem the natural approach; we can only hope that such wisdom takes wider hold in Westminster.