City AM’s Post

🤔 And so it begins. With British Prime Minister Keir Starmer's Labour Party sweeping to power, the landscape of UK politics is about to undergo a seismic shift. Promising a government of service aiming for national renewal, it's hard not to be skeptical. After more than a decade of opposition, can Labour truly meet the expectations of a weary nation? 🔎 Here are a few points to consider: - **Promises and Deliverables**: Politicians are experts in making promises during elections, but delivering on them is what truly counts. Labour has a colossal task ahead – will they rise to the challenge or crumble under pressure? - **Economic Recovery**: The UK's economy has limped through the past few years, grappling with Brexit aftermath and the catastrophic effects of a global pandemic. A government of service sounds good on paper, but transforming that into tangible economic growth requires more than just rhetoric. - **Social Reforms**: Social inequality and public services have been under immense strain. The Labour Party has long been the champion of social change, but their success here will require more than empty slogans and lofty goals. - **National Unity**: After years of polarization, bringing a divided nation together is no small feat. Starmer will need to bridge gaps that run deep – politically, socially, and culturally. While optimism is essential, so is realism. The path to renewal is layered with complex challenges that require authentic solutions. 🇬🇧 Keir Starmer has set the bar high—perhaps even unrealistically so. I can't help but wonder: Will this new era of Labour governance bring about genuine change, or is it just another case of lofty promises destined for inevitable disappointment? 🌪️ Join in the conversation. What are your thoughts on these ambitious promises? Will Labour deliver or will it be politics as usual? Tell me below! https://lnkd.in/emdgfXDV

So the nation has voted. Clearly there was a desire for change. No one can argue the Conservative party, from a PR perspective at least, have been truly awful in recent years. Whilst this result demonstrates the strength of democracy in the UK (albeit it not truly reflective due to the parlimentary system of seats) I don't see a huge sense of belief in Labour. It just feels like "well they can't be any worse" It certainly doesn't feel like a new Era in the way the Blair administration did. The conservative in-fighting and implosion is the real cause of this change rather than any great hope or belief in Labour Policies, indeed this campaign wasn't even about Policies. It was about one party being slightly less incompetent and slightly more trustworthy than the other... A damming endightment of both parties really. I do not believe Labour is the answer and certainly in my world there is a great deal of concern from property investors on inflation, landlord protection, planning reform etc but all we can do is adapt. It is a new administration and only time will tell. In the meantime we adapt and navigate and see where the opportunities lie despite red tape, administration and politics. I hope I am wrong and this result will bring about some positive change. In the meantime Buckle up, keep calm and carry on.

Breaking News: Labour Wins UK Election by Landslide The Labour Party has secured a landslide victory, ending 14 years of Conservative rule. "We did it! Change begins now," said incoming Prime Minister Keir Starmer. This political shift comes as voters focused on key issues like the cost of living, the health service, and housing. As we look ahead, we anticipate significant developments in the property market under the new government. Stay tuned with Portway Finance for insights and updates on how these changes may impact property finance and investment in the UK. #UKPropertyMarket #ElectionResults #PropertyFinance

Labour proposes to Take Back Control to "relight the fire of our regions and... kick-start the engines of Britain". Keir Starmer and Angela Rayner's joint article in the Times today provides a sneak peak of Labour's upcoming manifesto, including "delivering a far more active central government willing to give local leaders the levers needed to turbocharge their areas". There is a clear emphasis on devolution, including further powers over transport, housing and planning to "enable local leaders to develop powerful local growth plans that attract specialist industries and enhance their local strengths". Expect more and more of these peaks behind the curtain of Labour's policies as we head towards the General Election. Similarly, as summarised by Zack Simons via the link below, Matthew Pennycook, the shadow minister for Housing and Planning, identified how Labour could approach planning reform including mandatory housing targets, strategic approach to planning and Green Belt release and reversing recent NPPF changes: https://lnkd.in/etPZzMrx https://lnkd.in/eHsGY8Hv?

The day has come...to have your vote - on my way to the voting station! You? A shifting landscape and the road ahead... The 2024 election looms large, and the focus on economic issues intensifies. The UK labour market presents a complex picture: a period of significant employment growth in the 2010s followed by the profound impact of the pandemic that has arguably had more of a lasting effect on the labour market than any other area of economic policy, and all against the backdrop of historic wage inflation. This briefing note examines the current state of the labour market, the key challenges for the next government, and the policy proposals outlined by the leading political parties. It offers insights into potential policy directions and their implications for businesses, workers, and the broader economy. If you're curious about where the UK labour market is headed, this report is a must-read!  Link to the original article; https://lnkd.in/erMrSe-P #economy #business #leadership #Productivity #Thoughts #thefutureoftheworkforce #uklabourmarket #ukworkforce 

...and these were our five points to address: 1. Review your Combined Authority/sub-regional and local economic strategies. Ensure their evidence-base is current. Establish what will be needed to refresh them to address national economic and industrial priorities and future Local Growth Plan requirements. 2. Identify major projects that are unequivocally of national significance and likely to be Government priorities. Update their business cases and make them as investment-ready as possible – including determining options for addressing barriers to their delivery. 3. For priority regional and local interventions that might not be on a national priority short-list, consider options for progressing them. Build preferred options into policy negotiations with Government on the next stages of devolution. 4. Reaffirm your approaches to green/blue and inclusive growth – and particularly how your policies will deliver benefits for left-behind communities and disadvantaged groups. 5. Identify development finance options for delivering national, regional and local growth – including your ask of National Wealth Fund, other public investment, and your areas’ ability to attract local and global private capital and revenue funding. An intimidating agenda - but just imagine how confident you will be in discussions with the new government if you make major progress on all of those when you sit down for your next round of devolution discussions with Government...

Whether we like it or not, change is coming...🔴 The UK's business groups have pledged to work in partnership with the new Labour government to revitalise the nation's economy. Labour leader Sir Keir Starmer is the new Prime Minister after leading the party to a decisive win in the General Election. Shevaun Haviland, Director General of the British Chambers of Commerce (BCC), said: 'Congratulations to the Labour Party on their victory after a long and hard-fought campaign. 'The public have delivered them a clear and decisive parliamentary majority – hopefully they will use this mandate to provide the stability and certainty businesses crave. 'How we revitalise our economy was hotly debated throughout the past six weeks, and it is encouraging to see they have many policies which clearly align with our recommendations. 'But after a gruelling election the really hard work starts now. We need to see action from day one on pulling together a coherent industrial strategy for the long-term, which places a strong emphasis on harnessing green innovation. 'Closing the skills gap, growing exports, boosting productivity and harnessing the power of AI won't happen overnight.' Whatever the future holds, it will result in change for the economic landscape. #labourgovernment #SirKeirStarmer #timeforchange #EconomicLandscape

Keir Starmer and the Labour party are being handed the keys to 10 Downing Street, as had been widely expected. Markets were largely expecting the result, but what comes next will determine the path forward. The Labour government is inheriting a UK economy that has fallen short of expectations for more than a decade, and their ability to spend is being constrained by an ever-growing debt load. That brings about some difficult decisions on government spending and taxation. Here we look to lay out some of those potential implications from both a tax and an investment standpoint: