← Back to News
Business

Healey to promise 'new age of industrialisation' for UK in conference speech

The chancellor will unveil policies aimed at boosting British shipbuilding in his speech to Labour's annual conference on Monday.

BBC Business•

John Healey will promise "a new age of industrialisation" for the UK, when he delivers his first Labour conference speech as chancellor on Monday.

Healey will tell delegates "our coal mines are not coming back", but that Labour will remake Britain's industrial past "for the modern age" by backing advanced manufacturing.

He will also announce plans to boost Britain's shipbuilding industry, with new orders for Royal Navy floating docks and a maritime research vessel.

Shadow chancellor Andrew Griffith said the plans were "reheated announcements" with "no clarity on where the money is coming from".