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Labour has promised its manifesto will have “wealth creation” at its heart, ahead of the document’s launch.

Sir Keir Starmer will take to the stage in Manchester on Thursday in an effort to convince the public he has the right policies to earn the keys to Number 10.

The Labour leader is expected to say that “growth is our core business – the end and the means of national renewal”, as he pledges to bring Britain’s finances back on to a steady footing.

And he will insist his Labour government – if it wins the election on 4 July – will be both “pro-business and pro-worker”.

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The party has consistently led the polls over the past three weeks of the campaign, putting it around 20 points ahead of the Tories.

But party officials fear complacency could see them fail to cross the line at the ballot box in three weeks’ time, as well as surveys showing the public has yet to warm to Sir Keir – even if they favour him over Rishi Sunak.

The manifesto launch will be a chance for him to convince floating voters by outlining Labour’s plans for power, though a party source told Sky News it would be a “slim” document.

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On the economy, Sir Keir will offer “tough new spending rules to allow businesses to plan”, as well as a cap on corporation tax of 25% and promises of industry investment.

But he will also commit to Labour’s “new deal for working people”, including better childcare, better pay, and help for people to get back into employment.

The leader will pledge to overhaul planning rules with a new 10-year infrastructure strategy for rail, road and homes, and will reiterate plans to “shift power away from Westminster” by giving new responsibilities to regional mayors.

And he will promise to reform the immigration and skills system in the UK “to ensure Britain is developing home-grown skills with workforce plans to meet the needs of industries and the economy”.

Sir Keir will say: “Some people say that how you grow the economy is not a central question – that it’s not about how you create wealth, but how you tax it, how you spend it, how you slice the cake, that’s all that matters.

“So let me be crystal clear – this manifesto is a total rejection of that argument, because if you transform the nature of the jobs market, change the infrastructure that supports investment into our economy, reform the planning regime, start to unlock the potential of billions upon billions in projects that are ready to go, held up by the blockers of aspiration, then that does so much more to our long-term growth prospects.”

He will add: “We have a plan in this manifesto that represents a total change in direction, that is laser-focused on our cause. A government back in the service of you and your family.”

Richard Holden, chairman of the Conservative Party, said: “Labour aren’t being honest with the public; they are refusing to say what they would really do because they know it would lose them votes.

“Labour will tax your family home, tax your pension, tax your job and tax your car and drag pensioners into the retirement tax.

“Sir Keir Starmer and Angela Rayner are asking for a blank cheque and it’s becoming clear what he wants to do with it – put up your taxes.

“Only Rishi Sunak and the Conservatives have a clear plan to cut taxes, backed by bold action, to chart a course to a more secure future for Britain.”

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Donald Trump tells UK to ‘get rid of windmills’ and says raising windfall tax on North Sea oil is ‘big mistake’

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Donald Trump tells UK to 'get rid of windmills' and says raising windfall tax on North Sea oil is 'big mistake'

Donald Trump has said the UK is making “a very big mistake” in its fossil fuel policy – and should “get rid of windmills”.

In a post on Friday on his social media platform, Truth Social, Mr Trump shared news from November of a US oil producer pulling out of the North Sea, a major oil-producing region off the Scottish coast.

“The UK is making a very big mistake. Open up the North Sea. Get rid of windmills!”, the US president-elect wrote.

The Texan oil producer Apache said at the time it was withdrawing from the North Sea by 2029 in part due to the increase in windfall tax on fossil fuel producers.

North Sea oil rig
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North Sea oil rig. Pic: Reuters

The head of Apache’s parent company APA Corporation said in early November it had concluded the investment required to comply with UK regulations, “coupled with the onerous financial impact of the energy profits levy [windfall tax] makes production of hydrocarbons beyond the year 2029 uneconomic”.

Chief executive John Christmann added that “substantial investment” will be necessary to comply with regulatory requirements.

Mr Trump used a three-word campaign pledge “drill, baby, drill” during his successful election campaign, claiming he will increase oil and gas production during his second administration.

In the October budget announcement, UK Chancellor Rachel Reeves raised the windfall tax levied on profits of energy producers to 38%.

Called the energy price levy, it is a rise from the 25% introduced by Rishi Sunak in 2022 as energy prices soared following Russia’s invasion of Ukraine.

Many oil and gas businesses reported record profits in the wake of the price hike.

The tax was intended to support households struggling with high gas and electricity bills amid a broader cost of living crisis.

Apache is just one of a glut of firms that made decisions to alter their North Sea extraction due to the Labour policy.

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Even before the new government was elected, three companies, Jersey Oil and Gas, Serica Energy and Neo Energy – announced they were delaying, by a year, the planned start of production at the Buchan oilfield 120 miles to the north-east of Aberdeen.

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SME lender Tide rises to challenge with new fundraising

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SME lender Tide rises to challenge with new fundraising

Tide, the business banking services platform, has hired advisers to orchestrate a fresh share sale as it pursues rapid growth in the UK and overseas.

Sky News understands that Tide has been holding talks with investment banks including Morgan Stanley about launching a primary fundraising worth in excess of £50m in the coming months.

The share sale may include both issuing new stock and enabling existing investors to participate by offloading part of their holdings, according to insiders.

It was unclear at what valuation any new funding would be raised.

Tide was founded in 2015 by George Bevis and Errol Damelin, before launching two years later.

It describes itself as the leading business financial platform in the UK, offering business accounts and related banking services.

The company also provides its 650,000 SME ‘members’ in the UK a set of connected administrative solutions from invoicing to accounting.

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It now boasts a roughly 11% market share in Britain, along with 400,000 SMEs in India.

Tide, which employs about 2,000 people, also launched in Germany last May.

The company’s investors include Apax Partners, Augmentum Fintech and LocalGlobe.

Chaired by the City grandee Sir Donald Brydon.

Tide declined to comment on Friday.

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Hammond-backed outsourcer Amey among bidders for £300m Telent

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Hammond-backed outsourcer Amey among bidders for £300m Telent

An outsourcing group backed by Lord Hammond, the former chancellor of the exchequer, is among the suitors circling Telent, a major provider of digital infrastructure services.

Sky News has learnt that Amey, which endured years of financial difficulties before being taken over by two private equity firms in 2022, has tabled an indicative offer to buy Telent.

Industry sources expect a deal to be worth more than £300m, with a next round of bids due later this month.

Amey is part-owned by Buckthorn Partners, where Lord Hammond is a partner.

The outsourcer was previously owned by Ferrovial, the Spanish infrastructure giant, but ran into financial trouble before being sold just over two years ago.

It announced earlier this week that it had completed a refinancing backed by lenders including Apollo Global Management, HSBC and JP Morgan.

Amey is understood to be competing against at least one other trade bidder and one financial bidder for Telent.

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Once part of Marconi, one of Britain’s most famous industrial names, Telent ended up under the control of JC Flowers, the private equity firm, as part of a deal involving Pension Insurance Corporation, the specialist insurer, several years ago.

It provides a range of services to telecoms and other communications providers.

Amey declined to comment, while Telent could not be reached for comment.

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