Wednesday, January 17, 2024

Davos Newsflash Shock: Labour pledges support for Capitalism.

The Guardian reports, 16 January, ‘Labour intends to restore Britain’s reputation as a place to do business after 14 years of Conservative economic failure, the shadow chancellor will tell members of the global elite in Davos on Wednesday. [17 January].

Stepping up Labour’s pre-election boardroom charm offensive Reeves will tell a breakfast meeting hosted by the US investment bank JP Morgan that boosting private sector investment is key to the party’s growth strategy.

Fourteen years of stagnant economic growth and political uncertainty has left Britain weaker: the chaotic departure from the European Union...This instability has turned businesses away, damaged our reputation and made us a less attractive place to do business.”

Labour went into the last election with an expansion of public ownership at the heart of its economic strategy but Reeves and Keir Starmer have spent the past four years pursuing a more business-friendly approach. The shadow chancellor is being accompanied in Davos by Labour’s business spokesperson, Jonathan Reynolds.

The lifeblood of economic growth is private sector investment,” she is expected to say. “That is why we have put business investment at the heart of our plan for growth.

With Labour, Britain will be open to business. We will restore stability and security into our economy. We will restore Britain’s reputation as a place to do business. And we will be a trusted partner with business in delivering the change our country and our economy needs.”’

https://www.theguardian.com/politics/2024/jan/16/labour-will-restore-uks-reputation-for-business-rachel-reeves-to-tell-davos

Will this appear in Labour’s Election Manifesto or on the leaflets they’ll be shoving through doors? Labour – the capitalists friend. You have been warned.

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