Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

What businesses can expect from the new Labour government

by July 5, 2024
July 5, 2024
What businesses can expect from the new Labour government

With Sir Keir Starmer leading Labour into Downing Street after a landslide victory, businesses are poised to navigate a new political landscape.

The honeymoon period might be short-lived, however, as Labour inherits deep-seated economic issues and faces immediate industrial crises.

Thames Water

Labour’s previous commitment to renationalising the water industry, a sector in dire need of £270 billion investment by 2050, places Thames Water at the centre of attention. With Ofwat’s decision on Thames Water’s business plan imminent, a tough outcome could force the government to intervene, potentially overseeing a debt-for-equity swap or appointing special administrators.

Royal Mail

The proposed £3.6 billion takeover of Royal Mail by Czech billionaire Daniel Kretinsky will be scrutinised under Labour. With promises to protect workers and explore new governance models, Labour faces opposition from unions and the right-wing media. The takeover is also subject to a review under the National Security and Investment Act.

Port Talbot

The future of Tata Steel’s Port Talbot plant is another pressing issue. Tata’s decision to close blast furnaces and install electric arc furnaces has faced backlash from unions and MPs. The new government needs to craft an industrial strategy to support the sector, though Tata’s commitment remains uncertain.

China & EU Trade

Labour aims to stabilise and improve trading relations with the EU and navigate the complex dynamics with China. The party will seek to negotiate a better partnership with Brussels without rejoining the single market or customs union. An audit of UK-China relations will be launched to better understand and respond to challenges and opportunities.

Business Rates

Reforming the commercial property tax is high on Labour’s agenda, with business rates being a top concern for employers. While Labour promises to level the playing field for high street retailers, specifics on how this will be achieved remain unclear. Potential reforms could include taxing out-of-town warehouses, though these measures might not fully alleviate the burden on traditional retailers.

Labour’s approach to these challenges will be critical in shaping its relationship with the business community and determining the UK’s economic future.

Read more:
What businesses can expect from the new Labour government

0
FacebookTwitterGoogle +Pinterest
previous post
Nigel Farage’s return to politics causes wrinkle in British election: Why has he proven so successful?
next post
Jeremy Hunt narrowly retains Surrey seat by 900 votes

You may also like

UK mortgage lending predicted to fall in 2024

December 12, 2023

Untapped Benefits Of Retargeting In Search Marketing Campaigns

March 18, 2024

Getting to Know You: UMi Chief Executive, Nicki...

August 1, 2022

Carpetright Paralysed by Cyberattack: Online and In-Store Trading...

April 23, 2024

Mortgage rates cut as new year price war...

January 4, 2024

Chancellor needs to stop relying on selling futures...

January 29, 2025

Government set to return to Truss’s tough strike...

December 7, 2022

Jeremy Hunt’s budget is set to let a...

March 9, 2023

British carmakers report rising production six months in...

March 28, 2024

Insolvencies surge to highest rates since financial crash...

August 2, 2022

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Trump warns of ‘serious consequences’ if Elon Musk funds Democrats

      June 7, 2025
    • Musk jokes about reconsidering stance on Big Beautiful Bill after Schiff’s praise

      June 7, 2025
    • Musk deletes explosive posts about Trump and Epstein files

      June 7, 2025
    • House witness flips script on Dem who ambushed him during hearing with unearthed tweet: ‘Iceberg is ahead’

      June 7, 2025
    • Call with China’s Xi, and Trump-Musk exchange fueled barbs during 20th week in office

      June 7, 2025
    • Trump’s conservative allies warn Congress faces critical ‘test’ with $9.4B spending cut proposal

      June 7, 2025

    Categories

    • Business (8,152)
    • Investing (2,019)
    • Politics (15,568)
    • Stocks (3,136)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved