Published • loading... • Updated
Chancellor John Healey Sets Out Plan for ‘New Age of Industrialisation’
Healey said the plan would channel £100 million to apprenticeships and bring £300 million from Rolls-Royce into British factories.
- On Monday, Chancellor John Healey pledged to use Rotherham's Advanced Manufacturing Park as a blueprint for reindustrializing Britain during his Labour Party Conference speech in Liverpool.
- Healey, whose politics were shaped by South Yorkshire's industrial heartlands, described the former Orgreave colliery site as a hub of innovation hosting Rolls-Royce, McLaren, and Boeing.
- Rolls-Royce will invest £300 million in factories across Derby, Bristol, Glasgow, and Rotherham, while Healey confirmed previously trailed plans for £6 billion in government contracts for British shipyards.
- Mayors will receive a £100 million fund to boost apprenticeships, described by Healey as a "down payment" on efforts by former cabinet minister Alan Milburn to address youth unemployment.
- Reforming the welfare system to return people to work is an "economic must" and a "moral duty," Healey said, emphasizing The Government's commitment to growth driving better wages and lives.
Insights by Ground AI
13 Articles
13 Articles
Rolls-Royce to invest in British factories, Chancellor says
Rolls-Royce is to put £300 million into its British factories at Derby, Bristol, Glasgow and Rotherham, John Healey announced in his first Labour Party conference speech as Chancellor of the Exchequer, presenting the commitment as evidence of returning confidence in British industry. The post Rolls-Royce to invest in British factories, Chancellor says first appeared on UK Defence Journal.
·Glasgow, United Kingdom
Read Full Article
Coverage Details
Total News Sources13
Leaning Left3Leaning Right1Center5Last UpdatedBias Distribution56% Center
Bias Distribution
- 56% of the sources are Center
56% Center
L 33%
C 56%
11%
Factuality
To view factuality data please Upgrade to Premium
