Labour “will make the UK the green finance capital of the world”

The Labour Party has unveiled its manifesto, which contains a broad vision for the future direction of Britain. Labour says that this election is, “an opportunity to begin the work of national renewal. A rebuilding of our country, so that it once again serves the interests of working people.” Labour says, “We are still a great nation. We can still achieve great things. What we lack is a government that can match the ambition working people have for their family and community, with a credible long-term plan.”

Labour offers an ambitious plan for renewal across all areas of government, but if you’re looking for granular detail with regard to food, farming and nature, this isn’t the place to find it. The manifesto is designed to present a clear strategic direction of travel, rather than to showcase a comprehensive catalogue of every tactic they plan use in delivery.

We have reproduced key elements from the manifesto below.

Accelerating to net zero
The Labour manifesto says, “British industry is held back by high electricity costs, which has often made investing here uncompetitive. Labour’s clean energy mission will drive down those bills, making British businesses internationally competitive while our National Wealth Fund supports the most energy intensive sectors to decarbonise.

“Labour supports the introduction of a carbon border adjustment mechanism. This will protect British industries as we decarbonise, prevent countries from dumping lower-quality goods into British markets, and support the UK to meet our climate objectives.

“Britain’s world-leading financial services industry has a major role to play in mobilising trillions of pounds in private capital to address the greatest long-term challenge of our age.

“Labour will make the UK the green finance capital of the world, mandating UK-regulated financial institutions – including banks, asset managers, pension funds, and insurers – and FTSE 100 companies to develop and implement credible transition plans that align with the 1.5°C goal of the Paris Agreement.”

Supporting British farmers
“Labour recognises that food security is national security.” The manifesto says, “That is why we will champion British farming whilst protecting the environment. We will set a target for half of all food purchased across the public sector to be locally produced or certified to higher environmental standards. We will introduce a land-use framework and make environment land management schemes work for farmers and nature. And we will work with farmers and scientists on measures to eradicate Bovine TB, protecting livelihoods, so that we can end the ineffective badger cull.”

Protecting nature
“The climate crisis has accelerated the nature crisis.” Labour says that while Britain enjoys remarkable natural beauty, Britain is one of the most nature-depleted countries in the world. “Labour will deliver for nature, taking action to meet our Environment Act targets, and will work in partnership with civil society, communities and business to restore and protect our natural world.

“As part of our plans to improve responsible access to nature, Labour will create nine new National River Walks, one in each region of England, and establish three new National Forests in England, whilst planting millions of trees and creating new woodlands. Labour will expand nature-rich habitats such as wetlands, peat bogs and forests so families can explore and wildlife can thrive, including on public land. Labour is committed to reducing waste by moving to a circular economy.”

Improving resilience
“Preparing for the future not only means tackling the climate and nature emergencies, but also adapting to the changes they will bring to our environment.

“Without action, flooding and coastal erosion will pose greater risks to lives, livelihoods and people’s wellbeing. Labour will improve resilience and preparation across central government, local authorities, local communities, and emergency services. This includes formally working with all stakeholders in the Fire and Rescue services to inform policy and establish national standards.”

Clean water
“Britain’s coasts, rivers, and lakes are being polluted by illegal sewage dumping. Labour will put failing water companies under special measures to clean up our water. We will give regulators new powers to block the payment of bonuses to executives who pollute our waterways and bring criminal charges against persistent law breakers. We will impose automatic and severe fines for wrongdoing and ensure independent monitoring of every outlet.”

Switch on Great British Energy
“To drive forward investment in clean, home-grown energy production, Labour will create a new publicly-owned company, Great British Energy. It will be owned by the British people and deliver power back to the British people. Great British Energy will partner with industry and trade unions to deliver clean power by co-investing in leading technologies; will help support capital-intensive projects; and will deploy local energy production to benefit communities across the country. To support this, Labour will capitalise Great British Energy with £8.3 billion, over the next parliament.”

Stronger animal welfare
“Labour will improve animal welfare. We will ban trail hunting and the import of hunting trophies. We will end puppy smuggling and farming, along with the use of snare traps. And we will partner with scientists, industry, and civil society as we work towards the phasing out of animal testing.”

Get Britain building again
“We will immediately update the National Policy Planning Framework, including restoring mandatory housing targets. We will take tough action to ensure that planning authorities have up-to-date Local Plans and reform and strengthen the presumption in favour of sustainable development. Labour will support local authorities by funding additional planning officers, through increasing the rate of the stamp duty surcharge paid by non-UK residents. We will ensure local communities continue to shape housebuilding in their area, but where necessary Labour will not be afraid to make full use of intervention powers to build the houses we need.

“Labour will take a brownfield first approach, prioritising the development of previously used land wherever possible, and fast-tracking approval of urban brownfield sites. But brownfield development alone will not be enough to meet our housing need.

“Labour is committed to preserving the green belt which has served England’s towns and cities well over many decades. Under the Conservatives, greenbelt land is regularly released for development but haphazardly and often for speculative housebuilding. Without changing its purpose or general extent, Labour will take a more strategic approach to greenbelt land designation and release to build more homes in the right places. The release of lower quality ‘grey belt’ land will be prioritised and we will introduce ‘golden rules’ to ensure development benefits communities and nature.

“In partnership with local leaders and communities, a Labour government will build a new generation of new towns, inspired by the proud legacy of the 1945 Labour government. Alongside urban extensions and regeneration projects, these will form part of a series of large-scale new communities across England.

“Housing need in England cannot be met without planning for growth on a larger than local scale so we will introduce effective new mechanisms for cross-boundary strategic planning.

“Labour will further reform compulsory purchase compensation rules to improve land assembly, speed up site delivery, and deliver housing, infrastructure, amenity, and transport benefits in the public interest. We will take steps to ensure that for specific types of development schemes, landowners are awarded fair compensation rather than inflated prices based on the prospect of planning permission.

“Labour will deliver the biggest increase in social and affordable housebuilding in a generation. We will strengthen planning obligations to ensure new developments provide more affordable homes.

“Labour wants exemplary development to be the norm not the exception. We will take steps to ensure we are building more high-quality, well-designed, and sustainable homes and creating places that increase climate resilience and promote nature recovery. We will implement solutions to unlock the building of homes affected by nutrient neutrality without weakening environmental protections.”

Read the full Labour manifesto here

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