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General election: Key Labour manifesto tech policies. 💡 Support for new data centres, long-term R&D funding and reformed, centralised regulators for new technologies are among the key tech policy commitments from the Labour Party’s 2024 manifesto. The Labour Party published its 2024 manifesto ahead of the general election on 4 July. Here are the key tech policies from the Labour manifesto that startups, investors and industry stakeholders should know about. ➡️ https://lnkd.in/ecvqduNN 🔗 #government #generalelection #policy #labour #ukgovernment #techpolicy #investment #startups #UKtech

A New Day for UK Tech Under Labour! Last week marked a historic moment as the British Labour Party secured its first government in over a decade. With this new dawn, significant changes are anticipated in the realm of tech policy. Peter Kyle, continuing his role as Tech Secretary, promises a proactive approach, positioning the Department for Science, Innovation and Technology (DSIT) at the core of these advancements. This renewed focus has already attracted positive sentiments from multinationals, viewing the UK as a safer investment destination. Labour's ambitious plans include the introduction of an artificial intelligence bill, aiming to regulate the most advanced forms of technology. The AI Safety Institute, initiated under former Prime Minister Rishi Sunak, is set to receive enhanced support and investment to safeguard AI advancements. Additionally, there's a strong push from the tech sector to revive the data protection reform bill, with new ministers like Maggie Jones and Chris Bryant bringing fresh perspectives. Labour's tech vision doesn't stop there. Promises include establishing a Regulatory Innovation Office to streamline tech-regulator interactions, initiating planning reforms, and boosting R&D funding. These initiatives, along with Labour's commitment to creating a 'digital centre', underscore a transformative era for UK tech. Stay tuned, engage, and share your thoughts on these exciting developments! #UKTech #LabourGovernment #Innovation

Interesting read on the important role that the tech industry will play to achieve an important mission, economic growth🌳 From Digital Transformation to Driving Innovation and Competitiveness, to Enhancing Productivity and Efficiency, to Fostering a Tech-Driven Ecosystem, this article explains why technology is not just an enabler but a driving force behind the Labour Government's economic growth agenda. ... and yes, I know it can be risky and controversial posting anything related to politics however I felt this article was important to share from a positive front. Take a read: https://lnkd.in/eQ5Ye7yC

What are your thoughts on the new Labour government and the UK tech industry? Time will tell I suppose. Full transparency: I’m not big on politics, though what I’ve read so far appears to be largely optimistic 👌 UKTN reported at the beginning of this month that the UK’s tech startups are all for Labour’s plans which may see Sir Keir Starmer’s party prioritising the technologies which will shape the future, from data centres to fusion energy. Climate tech will likely be high on the agenda as one of the UK’s most promising growth tech sectors. The new government will also aim to identify the best way for the UK to leverage AI technologies while avoiding ‘more of the same’ ChatGPT-style LLMs. Whatever happens next, it seems to me that all eyes will be on Secretary of State for Science, Innovation and Technology Peter Kyle over the coming months. If you were the one calling the shots, how would you stimulate UK tech growth? 🤷♀️ #Technology #UKTech #UKTN #Labour #TechGrowth https://lnkd.in/en_FpU8m

👨⚖️ Competition authorities worldwide have declared enforcement in labour markets a top priority. In this blog, Marta Isabel Garcia, Partner at Stephenson Harwood LLP, delves into how regulators have approached competition enforcement in labour markets like the #tech sector. Read here: https://lnkd.in/ektCCe73 Jake Wall | Neil Ross #labourmarkets #competition #antitrust #enforcement #techtalent __________________________________________________________ 🤝 𝗖𝗮𝗹𝗹𝗶𝗻𝗴 𝗮𝗹𝗹 𝗨𝗞 𝘁𝗲𝗰𝗵 𝗰𝗼𝗺𝗽𝗮𝗻𝗶𝗲𝘀, 𝗳𝗿𝗼𝗺 𝗴𝗶𝗮𝗻𝘁𝘀 𝘁𝗼 𝘀𝘁𝗮𝗿𝘁𝘂𝗽𝘀! 🌱  Join our tech community to amplify your influence, forge valuable connections, and drive innovation together. Find out more: https://bit.ly/3tNNdbU 

What will a Labour government mean for the UK tech sector? With Labour achieving a landslide result in the recent UK election, what will this mean for the future of the UK’s tech sector? Voices from around the industry have begun discussing. Technology is not at the forefront of many of the Labour policies in its manifesto, but nonetheless, the party did actually include many mentions of the phrases technology and innovation, suggesting that the party will potentially be making moves to improve public services, increase the nations productivity, and rebuild the economy by utilising technology such as AI and quantum. Read more 👉 https://bit.ly/4cvpyxY #ElectronicSpecifier #Engineering #Tech #Electronics #Government #Labour

📢 Key Takeaways from the Conservative and Labour Manifestos Science and Technology: 🟦 Conservative: They will support the life sciences sector with agile regulation and funding for new treatments, particularly Parkinson’s and motor neurone disease. A new MedTech pathway will ensure cost-effective AI adoption in the NHS. 🟥 Labour: Labour will introduce a new industrial strategy with an Industrial Strategy Council to provide expert advice. They will support innovation and growth in automotive, life sciences, and creative industries, creating a National Data Library and a Regulatory Innovation Office for AI and other new technologies. Labour will support the AI sector by creating a Regulatory Innovation Office to ensure AI's safe development and use. They will introduce binding regulations for companies developing powerful AI models. Labour will establish a National Wealth Fund to support transformative investments. Labour plans to remove planning barriers to facilitate the development of new data centres as part of their support for the AI sector and other technological advancements. Energy: 🟦 Conservative: The party prioritises energy security by implementing the Energy Security Investment Mechanism, ensuring the energy profits levy ends when prices fall below a threshold. They plan to require annual oil and gas licensing rounds and maintain investment allowances while supporting renewable technologies. They aim to ensure democratic consent for onshore wind projects and support solar energy on brownfield sites and rooftops, protecting the best agricultural land. The updated National Planning Policy Framework aims to benefit local areas hosting onshore wind projects through energy bill discounts. The party will continue laying the groundwork for nuclear projects in Scotland, which would provide cheaper, cleaner, and more secure energy. 🟥 Labour: Labour plans to extend the Energy Profits Levy, increase its rate, and remove generous investment allowances. They will manage existing fields responsibly, ensure a phased transition for the North Sea industry, and not issue new oil and gas exploration licences. Labour aims to make Britain a clean energy superpower by 2030 with Great British Energy, a publicly owned clean power company. They plan to make significant investments in clean energy projects. Labour will ensure the long-term security of the nuclear power sector, extend the lifetime of existing plants, and support new projects and Small Modular Reactors. Commercial Property: 🟦 Conservative: They will simplify the planning process to support self-build homes and community housing schemes, encouraging various forms of housing, particularly for older people. 🟥 Labour: Labour will replace the business rates system with a fairer approach that levels the playing field between high street and online giants, incentivises investment, and tackles empty properties. #UKElection2024 #ConservativeManifesto #LabourManifesto

In the competitive world of tech start-ups, attracting and retaining top talent often requires innovative strategies. 💻 However, as demonstrated in a recent decision from the Ontario Relations Board, it’s essential for employers to adhere to the minimum legal standards when designing compensation packages. 💼📝 Find out more: https://gowlg.co/46Pt1Wf Shefali Rajaputra | #EmploymentLaw #CompensationPackages

Our New Blog is Live! Mike Nicholls is looking at the DRS scheme that has been fast-tracked by the new labour government. 🗑 ♻ Let us know what you think. #searchtech #recruitment #regulation #depositreturn https://lnkd.in/e6jN863D

Big tech companies are now tightening their belts after excessive spending in prior years. Link in the comments 👇 #employment #useconomy #economy #workers #gamingindustry