Industry reacts: Labour’s landslide in UK election

2024-07-05
Industry reacts: Labour’s landslide in UK election

Unleashing the Creative Potential: Labour's Pledge to Revive the UK's Cultural Landscape

The article explores the potential impact of Labour's victory on the creative industries in the UK, highlighting the perspectives of various industry professionals. It delves into their hopes, concerns, and expectations for the new government's policies and initiatives to support the sector's growth and development.

Reviving the Heartbeat of British Creativity

Restoring Faith in Creative Careers

Labour's acknowledgment of the "huge potential in creative industries" has reignited a sense of optimism among industry professionals. Sophie Jewes, the founder and creative director of PR and brand-building agency Raven, expresses relief that a career in the creative field is now seen as a viable long-term goal, not just for a select few. This recognition is vital in ensuring that British culture, encompassing diverse perspectives, can be represented on the global stage.

Healing the Wounds of the Past Decade

Jewes notes that the 14 years under Conservative rule have felt like a "life sentence" for many in the creative sector, particularly small businesses, independent designers, and freelance creatives. The exhaustion and "seismic wounds" that have accumulated over this period need to be addressed. Labour's pledges regarding freelancers' rights have been particularly comforting, offering a glimmer of hope for a return to the "halcyon days of London's hyper-creativity."

Restoring Tax-Free Shopping: An Obvious Win

The article also touches on the potential restoration of tax-free shopping, which Jewes describes as a "legislative no-brainer." This move could provide a much-needed boost to the industry, especially in the face of the challenges posed by the loss of footfall to destinations like Paris.

Sustainability: A Deafening Silence

However, the article also highlights a concerning gap in Labour's manifesto – the relative silence on sustainability legislation, particularly in the fashion industry. Adam Mansell, the CEO of the UK Fashion and Textile Association (UKFT), expresses concern over this, calling it "borderline terrifying." The industry is eager to see how the new government plans to address the pressing issue of sustainability and hold fast fashion accountable.

Reviving UK Manufacturing and Talent Development

Mansell also emphasizes the need for the government to support the industry's transition to a more circular system, including the introduction of an Extended Producer Responsibility (EPR) scheme for fashion and textiles, as well as the development of a national textile recycling infrastructure. Additionally, he calls for reforms to the apprenticeship funding and the education system to nurture new talent and support the acquisition of skills.

Investing in Innovation and Sustainability

Lauren Bowker, the founder and creative director of material innovation research firm The Unseen, hopes that the new government will remember to serve not only the people of the UK but also the planet. She emphasizes the need to invest in UK-based small businesses and support global collaborations for sustainable innovations and solutions.

Providing Stability and Opportunities for Growth

Dija Ayodele, the founder of Black Skin Directory (BSD), highlights the potential impact of Labour's pledges on income tax and national insurance rates, which could provide stability and increase the spending power of the BSD community. She also welcomes the promise of no more than one major fiscal event per year, as it offers a degree of stability for both consumers and businesses.

Transforming the UK Fashion Industry

Ciara Barry, the policy and campaigns manager at Fashion Revolution, sees this as a unique moment and opportunity for the incoming government to lead the transformation of the UK fashion industry. She echoes calls for a Fashion watchdog and the implementation of the Environmental Audit Committee's recommendations to ensure environmental justice and champion garment worker rights.

Prioritizing Sustainability and UK Manufacturing

Harriet Vocking, the CEO of Eco-Age, hopes that the new government will make sustainability a real priority and focus on supporting UK manufacturing, which she believes is among the best in the world. She also calls for the government to regulate against the issues of overproduction, overconsumption, and greenwashing in the fashion industry.

Cautious Optimism in the Face of Economic Challenges

Phway Su Aye, the CEO and creative director of fragrance brand Gabar, expresses cautious optimism about the Labour victory, acknowledging the significant work required to revive the economy and restore individual optimism about growth and spending. While the change in government is a welcome breath of fresh air, the challenges posed by inflation, interest rates, and the polarized global landscape remain daunting.

Delivering on Manifesto Commitments for Retail

Helen Dickinson, the chief executive of the British Retail Consortium, highlights the crucial commitments made in Labour's manifesto for the retail sector, including reforms to business rates, planning, and the apprenticeship levy. She looks forward to further engagement with the government to ensure the delivery of these commitments, particularly the much-needed overhaul of the business rates system.

Investing in Innovation and Tax-Free Shopping for the Beauty Industry

Fiona Glen, the director of projects at beauty business consultancy The Red Tree, expresses a desire to see the new government assess the impact of changes to tax-free shopping, which has affected the beauty industry's footfall. She also calls for increased investment in innovation, building on the work of Innovate UK, to support access to funding and commercialization support for the beauty industry.

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