Skip to content
CityAM
Main navigation
  • News
    • News
      • Latest Business News
      • Economics
      • Politics
      • Tech
      • Banking
      • FTSE 100 Live
      • Retail
      • Insurance
      • Legal
      • Property
      • Transport
      • Markets
    • From our partners
      • AON
      • Bayes Business School
      • Canada BIDs
      • Central London Alliance CIC
      • Destination City
      • Halkin
      • Olympia
      • Inside Saudi
      • Tottenham Hotspur Stadium
      • Santander X
      • YEAR SIX Dividend
    • Featured

      King Charles to publish tax bill for ‘transparency’

      King Charles addressing the public during a royal event, wearing a formal suit and standing in front of a historic building.

      Submit a story

      Tell us your story.

      Submit
  • Opinion
  • Sport
    • Latest Sports News
      • Sport
      • Sport Business
    • From our partners
      • The Morning Briefing: SBS x CityAM
      • Aramco Team Series
      • LIV Golf
    • Featured

      Why 2026 World Cup is when AI becomes the interface between fans and football 

      GettyImages 2280946892: Professional meeting with diverse business executives discussing strategies in a modern office set...

      Submit a story

      Tell us your story.

      Submit
  • Life&Style
    • Life&Style
      • Life&Style
      • Toast the City Awards
      • The Magazine
      • Travel
      • Culture
      • Motoring
      • Wellness
      • The RED BULLETiN
      • Do it with Shared Ownership
      • Media Speak Hub
    • Featured

      Fogo de Chao nominated for Best Casual Dining Toast award

      Fogo de Chão restaurant exterior with vibrant signage and bustling entrance at popular city location

      Submit a story

      Tell us your story.

      Submit
  • Investec
  • Events
  • Latest Paper
Monday 23 September 2024 6:00 am  |  Updated:  Sunday 22 September 2024 9:35 pm

The Notebook: On the lookout for common sense at Labour Party Conference

By: Matthew Elliott

Add as a preferred source on Google
Labour has its eyes firmly on driving growth and appears to want to do all it can to do so without cutting taxes.
Labour have been dealt a fresh blow with new jobs and unemployment figures.

As Labour Party Conference kicks off, Matthew Elliott, president of the Jobs Foundation and co-founder of the Taxpayers’ Alliance, lays out what he is on the lookout for (including his favourite Liverpool pub) in today’s Notebook

Labour must tread carefully on oil and gas ban

This week I’m in Liverpool, one of my favourite cities, for the annual Labour Party conference. I’m here to promote the work of my new charity, the Jobs Foundation, and to encourage the new government in their quest to get 2m people from welfare into work. 

One policy area I’ll be watching closely is what is said about the North Sea oil and gas sector, which supports nearly 85,000 jobs in the North East of Scotland.

At the Trades Union Congress in Brighton a fortnight ago, Unite and the GMB expressed concern about the government’s plans to ban new licences for oil and gas production and to extend the Energy Profits Levy, arguing that they risk decimating a sector with a proud history of providing skilled employment. They described Labour’s proposals as “premature and irresponsible” and their slogan was “no ban without a plan”.

Meanwhile, Unison, the largest union representing public sector workers, responded with their own slogan – “no jobs on a dead planet” – and are strongly supporting the government’s proposed ban. 

This contrast between the white-collar and blue-collar unions is emblematic of the wider divide between those in favour of a dogmatic approach to reaching net zero and those who want a more realistic, phased transition. 

Some have compared the decline of the sector to that of the mines in the 1980s, with unions powerlessly trying to save the jobs of the past. Unlike mining, however, the sector is profitable, not dependent on public subsidy and a huge generator of tax revenue for the Exchequer. To me, it seems senseless to forego these benefits when our economy will continue to be reliant on oil and gas for decades to come. 

Read more

Streeting attacks Burnham’s pledges as ‘appeal to party at expense of Brits’

Wes Streeting, British politician, delivering a speech at a press conference with a focused expression and engaging the au...

It’s unlikely that Labour’s Conference in Liverpool this week will resemble the strife of the 1980s, but let’s hope that those celebrating pragmatism and support of British jobs will win out in this particular fight.

Liverpool’s best pub

This isn’t the first time I’ve visited Liverpool in the spirit of cross-party cooperation. In 1997, I was working for my local Tory MP, and the young Liberal Democrats organised a sponsored walk along the Leeds and Liverpool canal to raise money for Shelter. Their chairman was a good friend, so I tagged along. When we reached Liverpool, we collapsed in the Philharmonic Dining Rooms. ‘The Phil’ is a fantastic Victorian pub with mahogany partitions, ornate ceilings, stained glass and – best of all – luxurious rose marble urinals in the gents. I’ll definitely be popping in for a pint of Nicolson’s.  

A haven away from the politics (and politicos)

When some conference delegates slip away to the Beatles Museum, I’ll be popping into Liverpool Anglican Cathedral for Evensong. It’s the largest cathedral in Britain and contains the biggest pipe organ, which I had the privilege of playing when my school choir sang there in the 1990s. Walking into such a vast building never fails to take my breath away. ‘Paddy’s Wigwam’ – the city’s 1960s, concrete and steel Catholic Cathedral – is not to everyone’s taste, but the peaceful interior, the magical colours from the stained glass, and whiff of incense also create a spiritual resonance.   

The news becomes retro

Last week I had the pleasure of listening to the BBC’s former North American editor Jon Sopel address a breakfast, organised by Finito, on his new book, Strangeland. He spoke about how news habits are changing, and recounted how a producer recently commissioned a segment on the resurgence of vinyl. The reporter went to Oxford Street, stopped a teenager, pulled out a record from a plastic bag, and said: “I’m from the BBC Six O’Clock News, do you know what this is?” To which the teenager replied: “Yeah, it’s an LP. But what’s the Six O’Clock News?”

Quote of the week

“Sue Gray is the only pensioner likely to do better under Labour.”

The brutal take of one Labour insider after it was revealed that Keir Starmer’s chief of staff was earning more than the PM.

Recommended reading for the Treasury

Essential reading ahead of October’s Budget is Jon Moynihan’s Return to Growth Volume One: How to Fix the Economy. I hope Rachel Reeves and her team at the Treasury read a copy sooner rather than later, because it explains how they can achieve the central objective of Labour’s election manifesto – economic growth. Spoiler alert: tax hikes won’t enhance the prosperity of households up and down the land. I hope university reading lists include Moynihan’s compelling book (and Volume Two, out in the New Year) alongside Thomas Piketty’s Capital in the Twenty-First Century. Both make a detailed and compelling case for their respective positions, but only one is the blueprint for strong economic growth.

Matthew Elliott is president of the Jobs Foundation, co-founder of the Taxpayers’ Alliance and a member of the House of Lords

Read more

Local elections were a death knell for two-party politics

Prime Minister Keir Starmer speaks at a press conference addressing future leadership rumours, wearing a navy suit and tie.

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • News

Categories

  • Opinion

People & Organisations

  • Labour Party
  • Labour Party Conference
  • Liverpool
  • North Sea Oil
  • UK oil and gas

Related Topics

  • Labour Party
  • Labour party conference

Trending Articles

  • FTSE 100 Live: Pound dips and stocks slip as Andy Burnham victory triggers political uncertainty

  • Kaleb Cooper: Brits don’t care about the price of milk 

  • Judge rejects Gatwick Airport bid to block new relaxed runway slot rules

  • Strait of Hormuz closed over ceasefire violations, says Iran

  • PwC UK chief swipes global role in international shake-up

More from CityAM

  • Streeting attacks Burnham’s pledges as ‘appeal to party at expense of Brits’

    Politics
    Wes Streeting, British politician, delivering a speech at a press conference with a focused expression and engaging the au...
  • Local elections were a death knell for two-party politics

    Opinion
    Prime Minister Keir Starmer speaks at a press conference addressing future leadership rumours, wearing a navy suit and tie.
  • Labour may not agree with Blair, but the public does…

    Opinion
    Tony Blair delivering a speech at a conference podium, discussing current global political issues.
  • Tony Blair accuses Starmer of damaging economy by clinging to manifesto pledges

    Politics
    Tony Blair delivering a speech at a conference podium, discussing current global political issues.
  • Electoral reform could destroy the Labour party

    Opinion
    Polling station exterior with voters lining up for local election in a community setting with clear signage and ballot box...
  • Starmer: I would make Andy Burnham a Cabinet minister

    Politics
    Keir Starmer speaking at a podium during a press conference, expressing determination and leadership in political discourse
  • Backbencher threatens rebellion as Starmer vows to stay put

    Politics
    Catherine West speaking at a podium during a business conference, engaging with an audience in a professional setting
  • Bring back Burnham now!

    Opinion
    Andy Burnham speaking at a press conference, wearing a suit and tie, addressing the media with a focused expression.

CityAM Canada — business, markets and opinion for Canadian readers.

Sections

  • Business
  • Markets
  • Tech
  • AI
  • Economics
  • Opinion
  • Cities

Company

  • About
  • Contact

Legal

  • Terms of Use
  • Privacy Policy
  • Cookie Policy
© 2026 CityAM Canada. All rights reserved.
Terms · Privacy · Cookies