Chancellor John Healey to promise ‘new age of industrialisation’ in speech to Labour conference – UK politics live
Also reported by BBC Business
Summary
Chancellor John Healey spoke at the Labour conference, promising a "new age of industrialisation" for Britain. He announced that the government will commission three new floating docks to maintain the Royal Navy’s nuclear submarines as part of a wider upgrade program.Key Facts
- John Healey replaced Rachel Reeves as chancellor shortly before the Labour conference.
- Healey’s upcoming budget is expected to be low-key, with major decisions delayed until next year's spending review.
- Healey described Britain’s industrial change by comparing old coal mines to modern manufacturing parks.
- The government will build three new floating docks for nuclear submarines at HM Naval Base Clyde.
- These docks are part of Programme Euston, aiming to upgrade submarine maintenance facilities by the early 2030s.
- The Royal Navy’s shipyards are undergoing a £15 billion upgrade program.
- Other cabinet members also spoke at the Labour conference on topics like defence, foreign affairs, transport, health, culture, work, justice, and crime.
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