Swati Dhingra became the first member of the Monetary Policy Committee to vote for a cut in interest rates from their present 16-year highs.Įconomist Julian Jessop of the Institute of Economic Affairs, said: The other parts of Labour’s five-step plan are ripping up planning red tape, driving a “skills revolution” and increasing workers’ rights through policies such as scrapping zero hours contracts, he added. it’s the chopping and changing, the sticking plaster politics.” He added: “You know instability has a chilling effect on business investment. He said Labour would boost the economy by prioritising economic stability and increasing investment. “Four years on, Labour is the party of business,” Sir Keir said. Labour has taken pains to distance itself from its former leader Jeremy Corbyn, who overwhelmingly lost the business vote at the 2019 general election. Introducing him at London’s Oval cricket ground, Bloomberg director Constantin Cotzias said Sir Keir was taking “a bazball approach to business”, in a reference to successful cricket tactics. Speaking at his party’s business conference, the Labour leader laid out a five-point plan for what he said would be a “decade of national renewal”.
Our economics reporter Melissa Lawford has the details: Labour is the “party of business” and will tackle the “unprecedented stagnation in British productivity”, Keir Starmer has told business leaders.