The Conservative Party has unveiled its manifesto, highlighting key economic and social pledges ahead of the July general election.
- The party prioritises financial security for working people, with promises including tax cuts and strategies to invigorate the UK economy.
- Plans include a significant investment in apprenticeship opportunities and local high streets, aiming to create 100,000 more apprenticeships annually.
- A £1.1bn Green Industries Growth Accelerator is set to boost UK manufacturing, alongside £20m funding each for 105 towns to rejuvenate high streets.
- There are proposed reforms to business rates and skilled worker visa thresholds, impacting small businesses and the manufacturing sector.
The Conservative Party has presented its manifesto, revealing a range of economic and social initiatives designed to solidify financial security for working individuals. A cornerstone of their proposal includes tax reductions, with the overarching goal of stimulating economic growth across the United Kingdom.
Highlighting their commitment to workforce development, the party has announced plans to significantly expand apprenticeship opportunities. Over the next five years, 100,000 additional apprenticeships will be created annually. Concurrently, an investment is planned to revitalise local high streets, emphasizing community development and economic resilience.
To strengthen UK manufacturing, the Conservatives propose the implementation of a £1.1bn Green Industries Growth Accelerator. Additionally, a £20m endowment fund for each of 105 towns aims to restore and modernize local high streets, enhancing their role as vital economic hubs.
The manifesto addresses business rates, promising a £4.3bn support package for small businesses over five years. This is paired with a proposed increase in the business rates multiplier specifically targeting distribution warehouses to support e-commerce enterprises.
Revisions to the skilled worker visa threshold are also on the table, which had been raised by 48% to £38,700. This change is presented as part of the strategy to address the skilled worker shortage in manufacturing, a sector critical to the economic landscape.
Further, the Conservatives outline plans to recruit 8,000 more full-time police officers and enhance police authority to recover stolen property, underscoring their focus on public safety and property rights.
Finally, the party reiterates its commitment to international trade, with intentions to finalise free trade agreements with India and the Gulf Cooperation Council, while continuing efforts with Israel and Switzerland.
The Conservative manifesto sets out a comprehensive agenda aimed at fostering economic growth and community development.
