Labour Party news and trends

Report: Digital Job Growth in UK Hits Lowest Level in Decade
Economy // July 11, 2024

Great Britain’s digital sector is reportedly seeing its slowest job growth in a decade. As Bloomberg News reported Thursday (July 11), this has led the incoming Labour government to promise to revitalize the industry as it seeks to fuel growth. The number of digital jobs climbed by...

New Era for UK Open Banking As Labour Plans to Boost Adoption
Banking // July 05, 2024

Now that the Labour Party’s been ushered into power in the U.K. — in a landslide vote — what’s next for open banking in the United Kingdom? New Prime Minister Keir Starmer has promised an era of “national renewal,” and there are some key tenets...

UK Pushes to Legally Protect Access to In-Person Banking Services
Bank Regulation // November 21, 2022

As it currently stands, the proposed Financial Services and Markets Bill in the U.K. will give the Treasury and Financial Conduct Authority (FCA) a new mandate to protect access to cash services across the country. The new legislation is deemed important because bank branches and...

UK’s Labour Party Wants To Take Over Vacant Retail Properties
Retail // August 19, 2019

The UK’s Labour party wants to allow local authorities to take over vacant properties in an effort to give the country’s retail market a boost. The stores being taken over have been vacant for at least 12 months, according to the Financial Times. Around 11.8...

Quick Reads
Primark Owner Forecasts Uptick in Lower-Income Consumer Confidence

November 05, 2024
The head of Associated British Foods has predicted rising confidence among lower-income consumers. As the Financial Times (FT) reported Tuesday (Nov. 5), George Weston made this forecast in light of the Labour government’s budget, while also predicting that his company would be set back by “several tens of millions” due to some of the changes. […]

Report: Digital Job Growth in UK Hits Lowest Level in Decade

July 11, 2024
Great Britain’s digital sector is reportedly seeing its slowest job growth in a decade. As Bloomberg News reported Thursday (July 11), this has led the incoming Labour government to promise to revitalize...

UK’s Labour Party Wants To Take Over Vacant Retail Properties

August 19, 2019
The UK’s Labour party wants to allow local authorities to take over vacant properties in an effort to give the country’s retail market a boost. The stores being taken over...