EconomyLens.com
No Result
View All Result
Friday, July 4, 2025
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
EconomyLens.com
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
No Result
View All Result
EconomyLens.com
No Result
View All Result
Home Economy

UK opposition Labour courts business before election

Andrew Murphy by Andrew Murphy
January 31, 2024
in Economy
Reading Time: 5 mins read
A A
13
19
SHARES
235
VIEWS
Share on FacebookShare on Twitter

London (AFP) – With a UK general election looming, the country’s main opposition Labour party is starting to persuade business and financial sector leaders that it can be trusted to grow the economy.

Prime Minister Rishi Sunak’s Conservative party trails badly behind Labour in polls before a national vote expected this year, owing to rapidly losing its reputation for economic competence.

Labour on Wednesday launched what it described as “ambitious proposals to drive competitiveness, streamline regulations and unlock billions of pounds of growth in financial services”.

Related

Eight OPEC+ alliance members move toward output hike at meeting

Bombers and a ‘beautiful bill’ — Trump celebrates US Independence Day

BRICS nations to gather without Xi, Putin

South American bloc looks to Asia, Europe in face of Trump trade war

China to require EU brandy exporters to raise prices or face tariffs

Keir Starmer’s party was boosted this week by news that the chairman of British supermarket Iceland was switching his support to Labour from the Conservatives.

Richard Walker, a former Tory donor, wrote in the left-leaning Guardian newspaper that Labour was “the right choice for everyone in business who wants to see this country grow and prosper”.

UK business remains hampered by high inflation and stagnant growth.

Companies are also counting the cost of Brexit.

Following Britain’s departure from the European Union, the country on Wednesday finally rolled out post-Brexit border checks on food, plant and animal products imported from the neighbouring bloc, fanning fears of fresh price hikes.

On financial services, Labour said it planned on “building a more collaborative relationship with the EU”.

– ‘Championing financial sector’ –

Labour’s plans Wednesday focused on financial services, which have also taken a knock following Brexit, with companies picking the likes of Wall Street over London for new listings.

Online betting giant Flutter this week took the first step to switch its main listing from the British capital to New York.

“The financial services industry is one of Britain’s greatest assets, supporting millions of jobs and billions of pounds of investment to our shores,” Labour’s spokesperson on finance, Rachel Reeves, said Wednesday.

Confident of replacing finance minister Jeremy Hunt, she added: “The next Labour government will unashamedly champion the UK’s financial services sector.We will work in partnership with business to kick down the barriers to growth, spur on investment and showcase Britain’s standing as a world leader in the industry.”

Barclays bank chair Nigel Higgins said Labour’s plan recognised that “a vibrant and dynamic financial services sector is crucial for long-term economic growth” as well “the importance of international competitiveness”.

Miles Celic, CEO of financial services lobby group TheCityUK, added that Labour had “set out a forward-thinking plan for financial services with a clear focus on innovation, modernising the regulatory landscape, driving more investment, and unlocking growth in the wider economy”.

Tags: economic growthLabour PartyUK general election
Share8Tweet5Share1Pin2Send
Previous Post

Stocks waver as US tech shares fall, Fed meets on rates

Next Post

Biogen pulls controversial Alzheimer’s drug Aduhelm

Andrew Murphy

Andrew Murphy

Related Posts

Economy

Rio to host BRICS summit wary of Trump

July 4, 2025
Economy

Trump to sign ‘big, beautiful’ bill on US Independence Day

July 4, 2025
Economy

Trump wins ‘phenomenal’ victory as Congress passes flagship bill

July 4, 2025
Economy

What is the state of play with Trump’s tariffs?

July 3, 2025
Economy

Where do trade talks stand in the rush to avert higher US tariffs?

July 4, 2025
Economy

World Bank’s IFC ramps up investment amid global uncertainty

July 4, 2025
Next Post

Biogen pulls controversial Alzheimer's drug Aduhelm

Boeing CEO says company focused on safety, won't discuss financial targets

US lawmakers grill tech CEOs over youth safety

Dire Straits legend's guitars garner six-figure sales

0 0 votes
Article Rating
Subscribe
Notify of
guest
guest
13 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
  • Trending
  • Comments
  • Latest

New York ruling deals Trump business a major blow

September 30, 2024

Elon Musk’s X fights Australian watchdog over church stabbing posts

April 21, 2024

Women journalists bear the brunt of cyberbullying

April 22, 2024

France probes TotalEnergies over 2021 Mozambique attack

May 6, 2024

Ghanaian finance ministry warns against fallout from anti-LGBTQ law

74

New York ruling deals Trump business a major blow

72

Shady bleaching jabs fuel health fears, scams in W. Africa

71

Stock markets waver, oil prices edge up

65

Eight OPEC+ alliance members move toward output hike at meeting

July 4, 2025

Bombers and a ‘beautiful bill’ — Trump celebrates US Independence Day

July 4, 2025

BRICS nations to denounce Trump tariffs

July 4, 2025

Trump signs ‘big, beautiful’ bill on US Independence Day

July 4, 2025
EconomyLens Logo

We bring the world economy to you. Get the latest news and insights on the global economy, from trade and finance to technology and innovation.

Pages

  • Home
  • About Us
  • Privacy Policy
  • Contact Us

Categories

  • Business
  • Economy
  • Markets
  • Tech
  • Editorials

Network

  • Coolinarco.com
  • CasualSelf.com
  • Fit.CasualSelf.com
  • Sport.CasualSelf.com
  • SportBeep.com
  • MachinaSphere.com
  • MagnifyPost.com
  • TodayAiNews.com
  • VideosArena.com
© 2025 EconomyLens.com - Top economic news from around the world.
No Result
View All Result
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials

© 2024 EconomyLens.com - Top economic news from around the world.