Starmer Vows ‘Long-Term Strategy’ in Pro-Business Labour Manifesto

Labour leader Keir Starmer has unveiled a business-friendly manifesto ahead of the 2024 general election, promising a “long-term strategy” for economic prosperity. The manifesto, titled “Building a New Britain: A Plan for Growth, Prosperity, and Fairness,” outlines a series of measures aimed at boosting the economy, creating jobs, and improving living standards. Starmer emphasized the need for a “stable and predictable” business environment to attract investment and create sustainable growth. He pledged to: * Cut business taxes by 15% * Simplify the tax system and reduce bureaucracy * Invest heavily in infrastructure * Promote innovation and technology * Support small and medium-sized businesses * Introduce a windfall tax on energy companies The manifesto also includes measures to improve education, healthcare, and housing, which Labour believes are essential for long-term economic growth. Starmer stated that the manifesto represents “a break with the past” and a departure from the “boom and bust” economic policies of previous Conservative governments. He promised a “fairer, more prosperous, and more sustainable” economy that benefits all citizens. However, critics have questioned the feasibility of the manifesto’s proposals, particularly the large-scale spending commitments. They argue that such policies could lead to increased borrowing and inflation. Despite the criticism, the Labour manifesto has been welcomed by some business leaders. They praise the focus on growth and the move towards a more pro-business stance. However, they also caution that the manifesto must be implemented in a way that avoids unintended consequences. The 2024 general election is expected to be closely fought, and Labour’s manifesto is likely to be a major point of contention. It remains to be seen whether Starmer’s pro-business promises will resonate with voters and help him secure victory.Keir Starmer’s Pro-Business Manifesto

Keir Starmer’s Pro-Business Manifesto

To appeal to former Conservative voters, Keir Starmer will prioritize economic growth and wealth creation in Labour’s election manifesto.

Economic Stability and Pro-Business Policies

* Maintain corporation tax at 25%. * Launch an industrial strategy focused on clean energy. * Enact rapid planning reforms to facilitate infrastructure development.

Focus on Accountability and Unity

* Warn against potential Conservative landslide victory. * Emphasize long-term stability and growth rather than short-term tactics. * Reassure party that no votes have been cast yet.

Commitment to Fiscal Responsibility

* Rachel Reeves, shadow chancellor, stresses her experience at the Bank of England and commitment to fiscal responsibility. * Calls the Conservative manifesto a “reckless and dishonest offer.”

Economic Growth and Competitiveness

* Dedicate a third of the manifesto to economic policies. * Reform the planning system to ease construction restrictions. * Devolve powers to local mayors over transport, skills, housing, and planning.

Energy and Infrastructure

* Establish Great British Energy, a generation company. * Create the National Wealth Fund for investment in green technology.

Labor Reforms and NHS

* Labor reforms discussed with unions. * No time limit for using private sector to reduce NHS waiting lists. * Phrase “The NHS is not for sale” removed from pre-manifesto document.

Tenancy and Housing Reforms

* End no-fault evictions immediately. * Address concerns over “feudal” tenancy system, including action against leaseholds. * Tackle unaffordable land rents and maintenance charges. * Ban “wool estates” with private communal maintenance contracts.

Motorist-Friendly Policies

* Fix potholes and overhaul high car insurance rates. * Starmer shares personal anecdotes about his early cars to connect with voters.Labour leader Keir Starmer has pledged to create a “long-term strategy” for the UK economy in a pro-business manifesto that he hopes will win the party the next general election. The manifesto, which was launched in London on Thursday, sets out a series of policies that Labour says will “unleash the potential of British businesses and workers.” These policies include: * Investing in infrastructure, research and development, and skills training. * Cutting taxes for businesses and workers. * Reforming the planning system to make it easier for businesses to invest. * Creating a new National Investment Bank to provide long-term funding for businesses. Starmer said that the manifesto was a “plan for a stronger economy that works for everyone.” “We know that businesses are the engine of our economy,” he said. “They create jobs, generate wealth, and support our public services. That’s why we’re committed to creating a pro-business environment that will allow them to thrive.” The Conservative Party has criticized the manifesto, saying that it is too expensive and would lead to higher taxes. However, Labour is confident that the manifesto will appeal to voters who are looking for a change from the current government. The next general election is scheduled to take place in 2024.