Labour: Global Leaders Breakfast and Global Investment Summit 27 November 2023
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Keir Starmer, Leader of the Labour Party, and Rachel Reeves, Shadow
Chancellor of the Exchequer, hosted a breakfast this morning with
over 35 global business leaders and investors on the morning of the
Government’s flagship Global Investment Summit. Keir
Starmer and Rachel Reeves met with CEOs, Chairs and CFOs from over
35 major global companies this morning. After networking with
guests, they set out the mission-driven approach Labour will take
to Government,...Request free trial
Keir Starmer, Leader of the Labour Party, and Rachel Reeves, Shadow Chancellor of the Exchequer, hosted a breakfast this morning with over 35 global business leaders and investors on the morning of the Government’s flagship Global Investment Summit. Keir Starmer and Rachel Reeves met with CEOs, Chairs and CFOs from over 35 major global companies this morning. After networking with guests, they set out the mission-driven approach Labour will take to Government, providing businesses with the long-term certainty and stability they need to invest in the UK. Keir and Rachel then took questions and discussed some of the current barriers to investment in the UK, including planning, grid connection, instability in the corporate tax regime and the relationship between government and industry to deliver projects. Keir and Rachel set out Labour’s plans to tackle these barriers, through once-in-a-generation reforms to the planning system for nationally critical infrastructure, tackling the challenges around grid connectivity, and how it sees its partnership with business working in government. Several attendees expressed their relief that economic growth has returned to the centre of the public debate and noted Labour’s role in bringing about that change, driven by the launch of its number one mission for Government, to secure the highest sustained growth in the G7. In addressing the question of what was needed for the UK to be a more attractive destination for investment, the global business leaders and investors talked about the need for stability and certainty, the need for planning reform to speed up the delivery of infrastructure projects, the need for a less bureaucratic approach from Whitehall with clear political direction on priorities and the need to ensure access to talent with the skills businesses in the UK need. Several attendees also praised the engagement and welcomed Labour undertaking these conversations in opposition to ensure we were as prepared as possible. Ends. Notes to Editors Attendees
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