UK politics live: Keir Starmer vows to scrap red tape as PM unveils £50bn of investment in UK at key summit
Keir Starmer and Rachel Reeves to promise to ‘rip out bureaucracy’ in keynote speech to business owners
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Sir Keir Starmer will pledge to slash regulation that “needlessly holds back investment” at the International Investment Summit in London.
At a keynote speech to businesses from across the world, the prime minister will unveil more than £50 billion in investment deals in AI, life sciences and infrastructure.
After a chaotic first 100 days in government, Sir Keir will pitch that Labour’s historic election win has given the government a “golden opportunity” to end “chop and change, policy churn and sticking plasters” that are scaring investors.
It comes as five of the world’s biggest banks joined private equity firms, insurers and tech giants in declaring it is “time to invest in Britain”.
But a row over criticism of P&O Ferries that reportedly jeopardised a £1 billion investment by its Dubai-based owner DP World has been smoothed over, with the company saying it will attend the conference.
With just over two weeks until the October Budget, a group of Labour MPs has urged Rachel Reeves to commit to changing fiscal rules to invest in public services.
The Labour Growth Group, a pro-building pressure group of more than 80 MPs formed in July, sent a letter to the chancellor saying that “public investment is the only way to restore our public realm”.
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Tory centrists should back Kemi Badenoch, urges party grandee
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Keir Starmer admits Labour’s first 100 days in power have been a ‘bumpy road’
Keir Starmer admits Labour’s first 100 days in power have been a ‘bumpy road’
Sir Keir Starmer described Labour’s first 100 days in power as “bumpy” but said he is “happy” with what his party has achieved so far. The prime minister referenced “bumps and sidewinds” in the first three months in government, referring to the Labour donation row and the Sue Gray saga, when he appeared on the BBC’s Newcast, released today (12 October). Sir Keir said investment in the UK from companies such as Amazon, is proof that Labour’s “tough decisions” on the economy are beginning to “trigger investment”. The prime minister said: “This is proof to me that the steps we are taking are having effect.”
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Starmer to unveil investment deals
Sir Keir Starmer will pledge to get rid of regulation that “needlessly holds back investment” at a major business conference on Monday.
The Government is expected to unveil investment deals worth billions in AI, life sciences and infrastructure at its first International Investment Summit.
A row over criticism of P&O Ferries that reportedly jeopardised a £1 billion investment by its Dubai-based owner DP World has been smoothed over, with the company saying it will attend the conference.
The Government is eager to show it is making progress on its mission to deliver economic growth after marking 100 days in office and ahead of the Chancellor’s first Budget on October 30.
Chancellor Rachel Reeves has warned of “tough decisions” at the spending review as Labour says it needs to plug a £22 billion “black hole” in the public finances left by the Conservatives.
Tories cannot win elections with Badenoch or Jenrick, warns Britain’s top pollster
Tories cannot win elections with Badenoch or Jenrick, warns Britain’s top pollster
Exclusive: Professor Sir John Curtice described Robert Jenrick and Kemi Badenoch as ‘unknown quantities’ who do not have what it takes to turn the party’s fortunes around
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