Britain's opposition Labour Party will lay out on Tuesday a multi-billion p...
BRIGHTON, England - Britain’s opposition Labour Party will lay out on Tuesday a multi-billion pound package to boost development of electric cars and battery technology, promising to create tens of thousands of jobs and safeguard the automotive industry.
The socialist-led Labour Party is using its annual conference in the English resort of Brighton to lay out plans to transform the British economy, promoting higher government spending and a large public investment program. “The automotive sector is one of the UK’s industrial success stories. However, the sector is under siege from Brexit uncertainty and the government’s lack of ambition on electrification,” Labour’s business policy chief Rebecca Long-Bailey said in a statement.Britain’s car industry has suffered a mixed year, with Ford and Honda announcing factory closures, but others like Ineos and Jaguar Land Rover making fresh investments.
Although Labour presents itself as a government-in-waiting, it has also suffered damaging splits over Brexit and leader Jeremy Corbyn has yet to convince some voters of his ability to take control of the world’s fifth largest economy.
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