Labour will be ‘pro-worker and pro-business’ – Reeves makes pitch to be next chancellor
Labour will be both “pro-worker and pro-business” if it wins the general election, Rachel Reeves will pledge on Tuesday.
The shadow chancellor will seek to reassure the corporate world of her credentials in her first major speech of the campaign, promising to “lead the most pro-growth Treasury in our country’s history”.
But speaking to an audience of company bosses, she will say their success depends on that of their workforce, claiming only Labour can deliver on both.
It comes after more than 120 business leaders, including chef Tom Kerridge and Wikileaks founder Jimmy Wales, signed an open letter giving their backing to Labour to “achieve the UK’s full economic potential”.
But it also follows a backlash over the rebrand of its workers’ rights package last week, described by one union boss of having “more holes than Swiss cheese”.
Chief Secretary to the Treasury Laura Trott pointed to attacks on the “French-style union” policies from Asda and Currys, saying they “risk damaging the economy [and] costing jobs”.
She added that “Rishi Sunak and the Conservatives have a clear plan that businesses can rely on”, while Labour would “tie businesses in red tape and raise taxes”.
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Both Ms Reeves and Sir Keir Starmer have sought to win over business voters since taking over the party from Jeremy Corbyn.
Pointing to the change in direction, the shadow chancellor will say: “Our plans for growth are built on partnership with business. A mission-led government, prepared to take on the big challenges we face and ready to seize the opportunities of the future.”
She will emphasise the party’s “first step” for government, promising to “build all its plans for the future on the bedrock of economic stability”.
Referencing decisions taken by the Conservative government of the past 14 years, she will add: “It is clearer than ever that in this election, in the face of Tory chaos, stability is change.
“Stability, so that we never again see a repeat of the mini budget and the damage it did to family finances. Stability, so that families and business can plan for the future.
“Stability of direction, so we can bring together government, business and working people in common purpose, to meet the great challenges of our time.”
Shadow chancellor Rachel Reeves and Labour leader Sir Keir Starmer. Pic: PA
Ms Reeves will say that by having business on their side, Labour can bring both investment and hope back to the country.
“If we can change this party to bring it back to the service of working people, if we can return it to the centre ground of politics, if we can bring business back to Labour, then I know we can bring business back to Britain,” Ms Reeves will add.
“To bring investment back to Britain. To bring growth back to Britain. To bring hope back to Britain.
“Because by bringing business back to Britain we can deliver a better future for working people, by creating good jobs that pay a decent wage. Bringing in investment to build strong communities with thriving high streets. Putting more money in people’s pockets. And having pride in the good and services made in Britain, but exported around the world.”
Making her election pitch, she will say the vote on 4 July will be “a chance for the British people to pass judgement on fourteen years of economic chaos and decline under the Conservatives”, adding: “The choice at the next election is simple: five more years of chaos with the Conservatives or stability with a changed Labour Party.
“We will fight this election on the economy. Every day we will expose the damage they have done, and set out Labour’s alternative.”
But the SNP’s Drew Hendry said the upcoming speech “cynically ignores the most fundamental reason for the economic decline of the United Kingdom – Britain is broken and Brexit broke it”.
He added: “If Labour were actually interested in backing business and growing the economy, they wouldn’t have foolishly ruled out a return to the European single market and the customs union.”
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The Conservatives will be turning their attentions to pensioners on Tuesday, announcing they will increase their tax-free allowance in line with the triple lock – meaning it will always be higher than the state pension.
Claiming the move will cut people’s taxes by £100 next year, Rishi Sunak will say: “I passionately believe that those who have worked hard all their lives should have peace of mind and security in retirement.
“This bold action demonstrates we are on the side of pensioners. The alternative is Labour dragging everyone in receipt of the full state pension into income tax for the first time in history.”
Meanwhile, the Liberal Democrats will be focusing on crime, promising a “burglary response guarantee” so all domestic burglaries are “attended by the police and properly investigated”.
Pointing to official government figures showing almost 76% of burglaries went unsolved last year, party leader Sir Ed Davey will say: “Too many families now feel unsafe in their own homes because this Conservative government has decimated frontline policing for too long.
“Victims are being denied justice because Conservative ministers can’t even get the basics right on solving crime. That is why the Liberal Democrats would deliver a burglary response guarantee, to ensure all home burglaries are attended by the police and properly investigated.”
Politics
Row over how many farms will be affected by inheritance tax policy – as PM doubles down ahead of farmers protest
Sir Keir Starmer has insisted the “vast majority of farmers” will not be affected by changes to Inheritance Tax (IHT) ahead of a protest outside parliament on Tuesday.
It follows Chancellor Rachel Reeves announcing a 20% inheritance tax that will apply to farms worth more than £1m from April 2026, where they were previously exempt.
But the prime minister looked to quell fears as he resisted calls to change course.
Speaking from the G20 summit in Brazil, he said: “If you take a typical case of a couple wanting to pass a family farm down to one of their children, which would be a very typical example, with all of the thresholds in place, that’s £3m before any inheritance tax is paid.”
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The comments come as thousands of farmers, including celebrity farmer Jeremy Clarkson, are due to descend on Whitehall on Tuesday to protest the change.
And 1,800 more will take part in a “mass lobby” where members of the National Farmers’ Union (NFU) will meet their MPs in parliament to urge them to ask Ms Reeves to reconsider the policy.
Speaking to broadcasters, Sir Keir insisted the government is supportive of farmers, pointing to a £5bn investment announced for them in the budget.
He said: “I’m confident that the vast majority of farms and farmers will not be affected at all by that aspect of the budget.
“They will be affected by the £5bn that we’re putting into farming. And I’m very happy to work with farmers on that.”
Sir Keir’s spokesman made a similar argument earlier on Monday, saying the government expects 73% of farms to not be affected by the change.
Environment, Farming and Rural Affairs Secretary Steve Reed said only about 500 out of the UK’s 209,000 farms would be affected, according to Treasury calculations.
However, that number has been questioned by several farming groups and the Conservatives.
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The NFU said the real number is about two-thirds, with its president Tom Bradshaw calling the government’s figures “misleading” and accusing it of not understanding the sector.
The Country Land and Business Association (CLA) said the policy could affect 70,000 farms.
Conservative shadow farming minister Robbie Moore accused the government last week of “regurgitating” figures that represent “past claimants of agricultural property relief, not combined with business property relief” because he said the Treasury does not have that data.
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Agricultural property relief (APR) currently provides farmers 100% relief from paying inheritance tax on agricultural land or pasture used for rearing livestock or fish, and can include woodland and buildings, such as farmhouses, if they are necessary for that land to function.
Farmers can also claim business property relief (BPR), providing 50% or 100% relief on assets used by a trading business, which for farmers could include land, buildings, plant or machinery used by the business, farm shops and holiday cottages.
APR and BPR can often apply to the same asset, especially farmed land, but APR should be the priority, however BPR can be claimed in addition if APR does not cover the full value (e.g. if the land has development value above its agricultural value).
APR and BPR can apply to farmland, which the Conservatives say has been overlooked by the Treasury in compiling its impact figures. File pic: iStock
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Mr Moore said the Department for the Environment, Farming and Rural Affairs (DEFRA) and the Treasury have disagreed on how many farms will be impacted “by as much as 40%” due to the lack of data on farmers using BPR.
Lib Dem MP Tim Farron said last week1,400 farmers in Cumbria, where he is an MP, will be affected and will not be able to afford to pay the tax as many are on less than the minimum wage despite being asset rich.
Politics
Cabinet split over assisted dying as Education Secretary Bridget Phillipson latest to reveal she will vote against bill
A split is emerging in the cabinet, with Education Secretary Bridget Phillipson revealing she will join several of her colleagues and vote against the bill to legalise assisted dying.
Ms Phillipson told Sky News she will vote against the proposed legislation at the end of this month, which would give terminally ill people with six months to live the option to end their lives.
She voted against assisted dying in 2015 and said: “I haven’t changed my mind.
“I continue to think about this deeply. But my position hasn’t changed since 2015.”
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Details of end of life bill released
MPs will be given a free vote on the bill, so they will not be told how to vote by their party.
The topic has seen a split in the cabinet – however, Prime Minister Sir Keir Starmer has yet to reveal how he will vote on 29 November.
Ms Phillipson joins some other big names who have publicly said they are voting against the bill
These include Deputy PM Angela Rayner, Health Secretary Wes Streeting, Justice Secretary Shabana Mahmood and Business Secretary Jonathan Reynolds.
Border security minister Angela Eagle is also voting against the bill.
Senior cabinet members voting in favour of assisted dying include Energy Secretary Ed Miliband, Science Secretary Peter Kyle, Work and Pensions Secretary Liz Kendall, Culture Secretary Lisa Nandy, Northern Ireland Secretary Hilary Benn, Transport Secretary Louise Haigh and Welsh Secretary Jo Stevens.
The split over the issue is said to be causing friction within government, with Sir Keir rebuking the health secretary for repeatedly saying he is against the bill and for ordering officials to review the costs of implementing any changes in the law.
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Health Secretary Wes Streeting has called for a cost report into assisted dying. Pic: PA
Sky News’ deputy political editor Sam Coates has been told Morgan McSweeney, the PM’s chief of staff, is concerned about the politics of the bill passing.
He is understood to be worried the issue will dominate the agenda next year and, while he is not taking a view on the bill, he can see it taking over the national conversation and distracting from core government priorities like the economy and borders.
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Details of the bill were published last week and include people wanting to end their life having to self-administer the medicine.
It would only be allowed for terminally ill people who have been given six months to live.
Two independent doctors would have to confirm a patient is eligible for assisted dying and a High Court judge would have to give their approval before it could go ahead.
Politics
Lord Patten calls on Sir Keir Starmer to condemn ‘sham’ sentencing of 45 Hong Kong pro-democracy campaigners
Lord Patten, the last governor of Hong Kong, has called on the British government to condemn the “sham” sentencing of 45 Hong Kong politicians and activists as Sir Keir Starmer holds talks with the Chinese president.
The former opposition pro-democracy politicians, social workers, activists and academics are due to be sentenced on Tuesday for conspiring to subvert power through an unofficial “primary” election four years ago.
Members of the public have been queuing to attend their sentencing, which will see them facing up to life in jail.
It is Hong Kong’s largest and longest-running prosecution under the national security law, which was enforced by Beijing and saw months of mass protests, police violence and arrests in 2020 and 2021.
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Called the “Hong Kong 47” after 47 were charged in January 2021 with conspiracy to commit subversion, 45 of them are set to be sentenced this week after two were acquitted in May this year.
Lord Patten, a patron of British NGO Hong Kong Watch, said the sentences tomorrow will be a “sham” and he called on the prime minister to speak out against them.
Sir Keir met Chinese President Xi Jinping at the G20 summit in Rio on Monday where he told him a “strong UK-China relationship is important for both of our countries”.
The UK PM told reporters on Sunday he intended to pursue a “serious, pragmatic” relationship with Beijing.
Sir Keir Starmer during a meeting with Xi Jinping in Rio. Pic: PA
Lord Patten said: “The sentencing of 45 of the 47 Hong Kong democrats is not only an affront to the people of Hong Kong, but those who value rights and freedoms around the world.
“These brave individuals were an integral part of defining the pro-democracy movement in Hong Kong, and were peacefully supported by thousands through votes.
“I absolutely condemn these sham sentences, which resulted from a non-jury trial and point to the destruction of freedoms of assembly, expression, and the press in Hong Kong.
“The UK government must not allow the results of this case to go unnoticed or uncondemned.”
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Sir Keir’s meeting with President Xi in Rio is the first of any prime minister in more than six years.
The PM and his foreign secretary, David Lammy, have been critical of China in the past, particularly regarding allegations of human rights abuses against Uyghurs in Xinjiang.
Relations between the UK and China have become frosty over the last decade as the Conservative government spoke out against human rights abuses and concerns grew over national security risks from Chinese investment.
Sir Keir appears to be prioritising trade, with China being Britain’s sixth largest trading partner, accounting for 5% of goods and services trade worth £86.5bn.
The PM’s spokesman said Sir Keir told Mr Xi he wants to “engage honestly and frankly on those areas where we have different perspectives, including on Hong Kong, human rights and Russia’s war in Ukraine”.
Student protest leader turned politician Joshua Wong is one of the Hong Kong 47. Pic: Reuters
Hong Kong 47 in jail for nearly four years
Most of the Hong Kong 47 have been in custody since they were arrested in early 2021.
One of the most famous members of the group is Nobel Peace Prize nominee Joshua Wong, a student protest leader who became leader of the now-disbanded political group Demosisto.
Sixteen of the group pleaded not guilty, with 14 of them convicted after a 118-day trial without a jury. Those found guilty will be sentenced along with 31 who pleaded guilty.
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They were arrested after organising a primary election in July 2020 aiming to help pro-democracy politicians seize a majority in the 2021 Legislative Council elections.
Prosecutors said had they won a majority in the chamber, the democrats were planning to “indiscriminately” veto bills, including the annual budget, which would force the chief executive’s resignation and a government shutdown.
National security judges ruled the move would have plunged Hong Kong into a “constitutional crisis”.
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