More than 120 business leaders back Labour ‘to achieve UK’s full economic potential’

Published

4 months ago

May 28, 2024

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More than 120 business leaders have written an open letter giving their backing to Labour in the general election.

Senior figures, including chef Tom Kerridge and former CEOs of Heathrow, JP Morgan and Aston Martin, said the party had “shown it has changed and wants to work with business to achieve the UK’s full economic potential”.

They said the public should now “give it the chance to change the country and lead Britain into the future”.

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Both Labour leader Sir Keir Starmer and his shadow chancellor Rachel Reeves have long been making efforts to win over the business community since taking over the party from Jeremy Corbyn.

An open letter printed in the Times and signed by figures including the founders of Wikileaks Jimmy Wales and Koru Kids – the latter of which was once invested in by the prime minister’s wife – shows signs of success in the endeavour.

In the letter, the business people said it was “time for a change” as “for too long now, our economy has been beset by instability, stagnation, and a lack of long-term focus”.

They said the UK had “the potential to be one of the strongest economies in the world”, but a “lack of political stability and the absence of consistent economic strategy has held it back”.

The leaders added: “We are looking for a government that will partner fiscal discipline with a long-term growth strategy, working in partnership with the private sector to drive innovation and investment to build digital and physical capital and fix our skills system.

“This is the only way to put us on track for sustained productivity growth.

“Labour has shown it has changed and wants to work with business to achieve the UK’s full economic potential. We should now give it the chance to change the country and lead Britain into the future.

“We are in urgent need of a new outlook to break free from the stagnation of the last decade and we hope by taking this public stand we might persuade others of that need too.”

Politics

Lisa Nandy says Sir Keir Starmer ‘very sensible’ to accept football tickets worth thousands

Published

13 hours ago

September 21, 2024

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Lisa Nandy says Sir Keir Starmer 'very sensible' to accept football tickets worth thousands

Lisa Nandy has said Sir Keir Starmer’s decision to accept thousands of pounds worth of football tickets was “very sensible”.

The minister for culture, media and sport also said she had never accepted free clothes from a donor.

Speaking to Sky News at the start of the Labour Party conference today, the MP for Wigan said: “The problem that has arisen since [Sir Keir] became leader of the opposition and then prime minister is that for him to sit in the stands would require a huge security detail, would be disruptive for other people and it would cost the taxpayer a lot of money.

“So I think he’s taken a very sensible decision that’s not the right and appropriate thing to do, and it’s right to accept that he has to go and sit in a different area.

“But I know that he’d much rather be sitting in the stands cheering people on with the usual crowd that he’s been going to the football with for years.”

Ms Nandy also said while she has not accepted free clothes – joking “I think you can probably see that I choose my own clothes sadly” – she doesn’t “make any judgements about what other members of parliament do”.

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She said: “The only judgement I would make is if they’re breaking the rules, so they’re trying to hide what they’re doing. That’s when problems arise.

“Because the point of being open and transparent is that people can see where the relationships are, and they can then judge for themselves whether there’s been any undue influence.”

She asserted there had not been an undue influence in gifts accepted by senior Labour figures, adding: “We don’t want the news and the commentary to be dominated by conversations about clothes.

“We rightly have a system, I think, where the taxpayer doesn’t fund these things. We don’t claim on expenses for them. And so MPs will always take donations, will always take gifts in kind.

“MPs of all political parties have historically done that and that is the system that we have.”

She added: “I don’t think there’s any suggestion here that Keir Starmer has broken any rules. I don’t think there’s any suggestion that he’s done anything wrong.

“We expect our politicians to be well turned out, we expect them to be people who go out and represent us at different events and represent the country at different events and are clothed appropriately.

“But the point is that when we accept donations for that or for anything else, that we declare them and we’re open and transparent about them.”

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Sir Keir, Angela Rayner and Rachel Reeves said yesterday they will no longer accept donations in the future to pay for clothes.

The announcement followed criticism of Sir Keir’s gifts from donors, which included clothing worth £16,200 and multiple pairs of glasses worth £2,485, according to the MPs’ register of interests.

The register shows Ms Rayner has accepted clothing donations to the value of £2,230.

Sky News also revealed the scale of Sir Keir’s donations this week as part of our Westminster Accounts investigation.

Sir Keir was found to have received substantially more gifts and freebies than any other MP – his total in gifts, benefits, and hospitality topped £100,000 since December 2019.