One Year In: Assessing Labour’s Progress and the Road Ahead

A year ago, Labour set out a bold vision to deliver growth, transform the UK’s public services, realise net zero, build more houses and make the financial services sector work better for the economy and consumers. However, as our latest edition of The Change Index makes clear, the Government is challenged by scepticism this bold vision can be realised, with 51% of business leaders saying they are not confident the Labour Party will deliver economic growth.

Following the publication of the Industrial Strategy, the Infrastructure Strategy and the NHS’ 10-year plan, much focus and attention will now be on how the Government navigates its landmark Planning and Infrastructure Bill through Parliament and prepares for a difficult budget in the autumn. As the Government marks its first anniversary, there is much focus on politically damaging u-turns and recent dissent and rebellion in the party. Having put delivering change front and centre of their bid to win government last year, the question is undoubtedly whether voters and key sectors feel that change is being delivered. 

While it’s been, undoubtedly a very difficult week for the Government, as it prepares for the summer recess our sector specialists make clear there is some cause for optimism. This is a significant opportunity for business to engage constructively with the government and policy makers, identifying unintended policy consequences and offering tangible solutions to the challenges the country faces. 

Watch the video below to hear more from our experts and understand what the first anniversary of the Labour Government means for the housing, energy and financial services sectors, as well as what the opportunity is for business.