New UK Labour Government Initiatives

Jul 12, 2024

Summary of New UK Labour Government Initiatives

Introduction

  • New Labour Government took office after 14 years in opposition.
  • Significant win with the second-largest number of seats in their history.
  • High expectations from supporters for quick action.

Historical Context

  • Comparison to Labour's 1997 victory and immediate actions by Tony Blair and Gordon Brown.
  • Example: Announced Bank of England independence four days in.

Initial Actions by Starmer's Government

Cabinet Appointments

  • Starmer wasted no time in appointing his cabinet:
    • Rachel Reeves as Chancellor (first woman in UK history).
    • Angela Rayner as Deputy Prime Minister and Housing Secretary.
    • David Lammy as Foreign Secretary.
    • Yvette Cooper as Home Secretary.
  • Surprise appointments:
    • Richard Hermer as Attorney General (over Emily Thornberry).
    • Non-politicians to junior roles:
      • Patrick Vallance to House of Lords, Minister for Science, Research, and Innovation.
      • James Timpson to House of Lords, Minister for Prisons, Parole, and Probation.

Policy Changes

  • Rwanda Migrant Deportation Scheme: Scrapped immediately; Starmer campaigned on this.
  • Lifting Ban on Onshore Wind Farms:
    • Removed obstacles in National Planning Policy Framework (NPPF).
    • Reversed nimbyism; compulsory house building targets announced.
    • Initial steps: Permission for 14,000 new homes in Liverpool, Northstowe, and Sutton Coldfield.
  • National Wealth Fund:
    • Public money to invest alongside private investments.
    • Aim: Public investment of £7.3 billion for key industries.
    • Investment areas: Ports, gigafactories, clean steel, carbon capture, green hydrogen.
    • Treasury expects returns of 2.5%-4% annually.

Future Outlook

  • King's Speech later this month will outline government's plans for the next Parliament.
  • Starmer's priorities and governance style to be revealed.
  • Ongoing updates expected.

Wrap-up

  • Introduction of Skillshare as a sponsor.
  • Promoted Skillshare courses as helpful for setting up businesses and learning new skills.

Quick Links

  • Skillshare sponsorship details and access to free trial.