Labour Business

Australia investors have announced a further £1 billion into the British economy. I want the UK to be the best place in the world to invest, to grow our economy and improve the lives of hardworking people. This investment is a major vote of confidence in our country.

When we work together, we can tackle global challenges. That's why the government is resetting its relationship & strengthening cooperation with European partners like Germany. From supporting Ukraine, to promoting investment and growth, the UK & Germany work together.

“We’ve got a lot going for us in the UK - we need to be confident about it and talk about it more often.”   Top CEOs and investors share their views on what makes the UK a great place to invest.   #UKInvestment

Come and join us as we take a stand in West Yorkshire, demanding a safer future for women and girls everywhere.   As the nights get longer, women and girls often have to change their behaviour to feel safe.   Enough is enough. It's time to #ReclaimTheNight   📅 Sun 27 Oct at 2pm 📍 Greenhead Park, Huddersfield   Join us: https://lnkd.in/eUFsGYgc

Millions of people use Buy Now Pay Later products to manage their finances, but the previous Government’s dither and delay left them unprotected. BNPL can provide a useful and affordable source of credit, but some borrowers have been left exposed to skyrocketing debt. Before the last election, I pressed the then-Chancellor to take action and regulate the sector, and I am now spearheading this legislative change as City Minister. Our plan is to introduce new levels of protection not currently offered for BNPL services. We are planning to implement five important changes: ✅ The Financial Conduct Authority will regulate BNPL firms ✅ Consumers will receive independent complaints handling ✅ Consumers will have credit card-like protections  ✅ New assessments will tackle unaffordable credit being offered to shoppers ✅ More clarity will be given to consumers by reforming information requirements To ensure this proposed legislation fosters innovation in the sector and protects consumers, the Government has invited all interested parties to respond to a consultation over in the next six weeks. The window is open for responses until the 29th of November. After considering this feedback, we hope to begin the legislative process early next year so we can get shoppers protected and provide certainty for the BNPL sector as soon as possible. You can find out more and provide feedback to the Treasury here: https://lnkd.in/e5DPb8jp

On 10th October we introduced the Employment Rights Bill, a package of reforms that seeks to strengthen rights at work, increase productivity, and ensure businesses are competing on a level playing field. As the Bill returns to Parliament today, we’re inviting your views on our implementation of these commitments: • Strengthening Statutory Sick Pay through setting a new rate for those on lower earnings: https://ow.ly/e5QO50TPF1M • Ensuring the Employment Rights Bill’s provisions on Zero Hours Contracts apply effectively to agency workers: https://ow.ly/LLr550TPF1N • Creating a modern framework for industrial relations: https://ow.ly/yl0U50TPF1J • Strengthening remedies against abuse of the rules on collective redundancy and fire and rehire: https://ow.ly/vh5I50TPF1L

Worth a read even if you’re not in parliament- what do some of the worlds top scientists say are the right priorities? What is COP? What is link between nature and climate?

Today, we launched the Office of Trade Sanctions Implementation: a new unit to help businesses comply with the UK’s trade sanctions and to crack down on those who don’t. More: https://lnkd.in/ed_72Dti

“An extraordinarily complex architectural feat masked by an elegant simplicity". Delighted that the Elizabeth Line has been awarded the prestigious RIBA Stirling Prize for architecture. Here’s a reminder of some of its award-winning structural design. 

Here in West Yorkshire, we’re doing all we can to create a greener region: 🚍 Investing in better public transport. 👷 Upskilling local people to secure good green jobs. 🌎 Funding climate-friendly projects! 👩🎓 Empowering young people to shape a sustainable future for our region. Find out how we can help your business to cut carbon emissions, reduce waste and prepare for the impacts of climate change: https://lnkd.in/egnM7jzD