The 2024 general election saw the emergence of the Labour party as the victorious contender, prompting eager anticipation for the implementation of their outlined promises in their manifesto. The Institution of Engineering and Technology (IET) has conveyed their endorsement for the new government and their enthusiasm to collaborate in addressing the forthcoming challenges and opportunities.
Regarding Transport, Labour has made significant commitments, including the establishment of Great British Railways, indicating a gradual renationalisation of the UK’s rail system. The party also aims to hasten the transition to electric vehicles by expanding the availability of chargepoints and reverting the phase-out date of new internal combustion engine cars to 2030. Tech start-up Dootrix has urged the new government to honour this commitment, stressing the significance of prioritising the phase-out of internal combustion engines.
In terms of Infrastructure Overhaul and Green Initiatives, Labour intends to revamp the planning system to streamline the development of new infrastructure such as roads, railways, and digital infrastructure. This initiative has garnered support from companies like Greenpower Park and Connected Energy, underscoring the urgent need for advanced lithium-ion battery supply and the establishment of a circular economy for critical minerals.
Labour’s commitment to establishing a publicly owned energy firm named Great British Energy, with a focus on enhancing domestic electricity production through investments in renewables and nuclear sources, has received positive feedback from industry leaders. However, there is a call for a robust and actionable roadmap to achieve net-zero goals by 2050, emphasising the necessity for a proactive approach to transitioning to a green economy.
In the domain of Technology and Industry, Labour has delineated plans for a new industrial strategy and substantial investments in gigafactories and the steel industry. The party also aims to support the development of the AI sector and ensure the safe implementation of powerful AI models by introducing binding regulation. Additionally, the party is committed to formulating workforce and training plans to create more apprenticeship opportunities for young people, a move welcomed by leaders in the engineering and technology sector.
While many have expressed support for Labour’s manifesto, there are also concerns and areas that have been overlooked. Some have underscored the need for a comprehensive strategy to reinforce the UK’s cyber defences, particularly in light of the EU’s NIS2 directive.
In conclusion, Labour’s manifesto has elicited diverse reactions within the engineering and technology sector, with many welcoming their commitments, but also highlighting areas that demand further attention. The industry eagerly anticipates witnessing the implementation of these pledges by the new government and working collaboratively to address the challenges and opportunities that lie ahead.