Connect with us

Hi, what are you looking for?

Right Decision NowRight Decision Now

Business

Labour to attract global investors at early October summit

Sir Keir Starmer is set to present Labour’s investment agenda to global financial leaders at a conference in early October, aiming to attract tens of billions in foreign capital.

The summit, scheduled for around 8 October, aligns with Labour’s pledge to host the event within 100 days of taking office.

The date is expected to be confirmed soon, with invitations to follow. Labour hopes their inaugural summit will surpass the £29.5bn in investments announced at the Conservative-led Global Investment Summit last November.

Notable attendees of previous summits included Blackstone CEO Stephen Schwarzman, Goldman Sachs CEO David Solomon, JP Morgan Chase CEO Jamie Dimon, and Ignacio Galan, chairman of Iberdrola.

Jonathan Reynolds, the new business secretary, assured private sector leaders of his commitment to accessibility and a pro-enterprise approach. Speaking remotely to over 100 executives from major companies like Heathrow Airport, BT Group, BP, and the CBI, Reynolds announced plans to launch a dedicated email address for businesses and investors to share ideas and concerns.

Reynolds emphasized Labour’s focus on four key business priorities: mission-driven industrial strategy, SME support, championing UK exports and trade relations, and ensuring fair wages. These initiatives aim to create a thriving economy for all.

The Department for Business and Trade declined to comment on the summit’s date.

Read more:
Labour to attract global investors at early October summit

    You May Also Like

    Business

    The head of the International Monetary Fund has warned of increased risks to the stability of the financial system after weeks of banking sector...

    Business

    The Home Office has made next to no progress in tackling criminal fraud during the past five years, despite it having become Britain’s most...

    Business

    Mark Zuckerberg has laid off more than 11,000 Meta’s employees, about 13 per cent of its global workforce, in what he described as “some...

    Business

    1.22 billion people use Instagram every month. That’s a huge number of Instagrammers trying to hit it big on the platform all at the...

    Disclaimer: rightdecisionnow.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 rightdecisionnow.com | All Rights Reserved