Labor positions itself as the ‘Party of Business’

Labor is making an effort to position itself as the “party of business” and take on the Conservative Party, which has received criticism for its recent decision to cancel the HS2 project. Prime Minister Sunak has promised alternative transfer measures, but some of these proposals have already been scaled back. Instead, Labor is emphasizing stability and aims to present its economic plans at the party’s annual conference in Liverpool this week.

Shadow Chancellor Rachel Reeves will speak at the conference, and business leaders have also shown interest in Labour’s message. The party has been active in building relationships with the business community, with chief executive Alex Baldock of Curry’s claiming to have had breakfast with Reeves. Labour’s day of action at the conference was oversubscribed, indicating support from global businesses, The Guardian reported.

Hamish Sandison, head of Labor Business, believes recent turbulent times for the Conservatives have made businesses more receptive to Labour’s message. He joked that when Prime Minister Johnson used vulgar language regarding business, it made his job easier. Sandison also criticized Truss’s budget for causing economic damage.

According to Sandison, Labor has transformed under the leadership of Sir Keir Starmer, with every shadow minister now emphasizing their support for both Labor and business. Labor aims to engage with businesses of all sizes, recognizing that tailored policies are needed for different sectors.

At the labor conference, marine engineering firm Harland & Wolff, which employs more than 1,000 workers, discussed its recovery since entering administration in 2019. Company representatives highlighted the importance of cooperation between government and business to boost economic growth. They stressed the need to deal with politicians from all parties, especially in light of the potential political changes indicated by opinion polls.

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Labor has actively sought to engage with businesses and design solutions collaboratively. The party aims to harness the UK’s potential as a green energy superpower and leverage the expertise and capabilities of companies such as Harland & Wolff. Business leaders are increasingly backing Labour, with the Conservative brand damaged.

sources:
– BBC News – The Laura Kuenssberg programme
– Watchman
-Business Live

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