{"id":12669,"date":"2024-08-12T09:41:36","date_gmt":"2024-08-12T08:41:36","guid":{"rendered":"https:\/\/www.palpack.co.uk\/?p=12669"},"modified":"2024-08-12T09:45:20","modified_gmt":"2024-08-12T08:45:20","slug":"what-labour-means-for-packaging-industry","status":"publish","type":"post","link":"https:\/\/www.palpack.co.uk\/news\/what-labour-means-for-packaging-industry\/","title":{"rendered":"What the new Labour government means for the packaging industry"},"content":{"rendered":"
[vc_row][vc_column][vc_column_text css=\u201d\u201d]On July 4 2024, the Labour Party won a decisive victory in the UK general election, ushering in a new era of government and a host of ambitious proposals covering issues from environmental sustainability to innovation and investment. But what does this mean for the packaging industry?<\/p>\n
In this blog, we\u2019ll look at some of the party\u2019s policies and explore their potential impact on the sector.<\/p>\n
<\/p>\n
The Labour Party\u2019s manifesto focused on growth and change, with delivering economic stability the first step. But whilst kickstarting the economy is a clear priority, Labour has also committed to addressing long-standing environmental issues by introducing regulatory measures and new initiatives. Together, these aim to encourage the adoption of greener practices and materials and support the transition to a low-carbon economy.<\/p>\n
For businesses looking to invest in new technologies and infrastructure, Labour\u2019s focus on economic stability and growth is likely to be a positive. Already the new government has pledged to retain a permanent full expensing system for capital investments, allowing companies to deduct the entire cost of capital expenses and encouraging reinvestment and modernisation. And they\u2019ve promised greater clarity on what qualifies for allowances to improve business investment decisions.<\/p>\n
To create a more sustainable manufacturing sector and help the country meet its environmental targets, Labour has proposed a number of changes that could impact the packaging industry:<\/p>\n
[\/vc_column_text][vc_btn title=\u201dSee how a VFFS sack-filling machine prepares and fills packages\u201d css=\u201d\u201d link=\u201durl:https%3A%2F%2Fyoutu.be%2FYSJ5PNsC6go|target:_blank\u201d][vc_column_text css=\u201d\u201d]<\/p>\n
This cutting-edge technology features on the Winner Green range of palletisers and transforms energy that would usually be wasted or dissipated as heat into reusable power. Using regenerative braking technology (similar to that used on hybrid cars), it reduces overall energy consumption by up to 70%, compared to conventional robots.<\/li>\n<\/ol>\n
[\/vc_column_text][vc_btn title=\u201dFind out more about Europack\u2019s energy efficient palletisers\u201d css=\u201d\u201d link=\u201durl:https%3A%2F%2Fwww.palpack.co.uk%2Fproducts%2Feuropack%2F|target:_blank\u201d][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text css=\u201d\u201d]<\/p>\n
Whilst these policies might incur initial costs and require adjustments, there are likely to be benefits in the long term, with opportunities for innovation and for businesses to get ahead of the curve. Whichever party is in government, sustainability and environmental pressures are here to stay, meaning those that invest in more environmentally friendly packaging solutions now are more likely to reap the advantages in the future.<\/p>\n