Bangalore Investment：Sophie Turner： My life was on pause until I returned to England after divorce

Next week, the Labour government will hold its . At a time when capital is flowing out of the UK like the ebb of a spring tide, it is an event which needs to be a success.

As ministers, we contributed to the previous Global Investment Summit, held in 2023 at the Royal Palace of Hampton Court that recorded £30 billion of commitments to invest here in the UK. We offer Rachel Reeves our advice in the non-partisan spirit of wanting our economy – which relies upon the goodwill of international investors – to succeed.

1. Stop talking the economy downBangalore Investment

No one buys shares in a company whose CEO and CFO do nothing but whine. Labour’s “trash talking” the economy and the has a real cost in deterring and deferring investment.

Last week, the Institute of Directors survey of business investment intentions showed its sharpest drop since the onset of the Covid pandemic. From an inheritance of plus 24 in July, the index is now minus 6. The hardest investment “pitch” is the country manager persuading their board to commit more capital or people in their territory in competition to others. Imagine what it does to that case when a rival Labour’s words have generated.

Whilst all G7 economies have their challenges – one reason why we should instead compare ourselves to the much more dynamic G20 – the UK economy benefits from falling interest rates, near record low levels of unemployment and faster quarterly growth in the first half of this year than the US, Japan, France, or Germany. In the past weeks, both the OECD and IMF have raised their forecast for UK GDP growth. Labour ought to proudly acknowledge the truth that relative to most alternatives, .

2. Sell the benefit of the UK being able to make its own laws and trade deals

Few large businesses trade solely between the UK and the EU, and the largest investors deploy capital globally. They are used to normal trade frictions and managing different jurisdictions, which is one reason why did not come to pass. Labour has inherited UK accession to the fast-growing CPTPP and trade deals with Japan, Canada, Australia, Singapore and New Zealand. Talks with India and the Gulf states are well advanced and there for Labour’s taking over the course of this Parliament. What a legacy!

It will take more intellectual creativity than Rachel Reeves has shown previously, but there is a real opportunity to make a virtue of our “goldilocks” position: we are a stable, sovereign country with close ties to both the US and the EU but able to swerve the excesses of either. With political turmoil in France and Germany and the , the UK stands as one of few strong, rule of law, democratic countries in which, on new investments, the trigger can be pulled today.

3. Drop plans to attack investors, risk takers and wealth creators

This is the moment for Labour to shelve its on those who actually create wealth. Reeves will know that those with the broadest shoulders are already weighed down here in the UK whilst being seduced by rival economies abroad. The top 1 per cent of income taxpayers account for around 30 per cent of all income tax paid – tax revenues our public services can ill do without.Jaipur Stock

Holding this summit whilst (people who, despite not living here permanently, still wish to invest in our economy) and the private equity sector is akin to inviting visitors into your home and mugging them for their watch on their way out. This, less figuratively, is something which Reeves might want to bring up with the Labour Mayor of London. Treasury officials will have been keen to please their new boss, but in private have been correctly briefing that will cost the Exchequer money rather than raise it.

4Agra Stock. Make a virtue of the things Labour can do which the Tories couldn’t

Labour’s and the public sector allow them to pursue policies they previously opposed, and which simply became too hard for the last Conservative government to implement. Initiatives such as consolidating local government pensions into a single scheme, getting Labour mayors to build in urban areas, pursuing a rapid move to and facing down the BMA’s opposition to patients to improve health outcomes and drug discoverySurat Investment. These are all outsize opportunities for the UK economy which a Labour government serious about investment should prioritise and where they seek bipartisan political support from our party.

5. Make sure that “Red Ed” is busy elsewhere

Accepting that Labour won’t publicly bury its in the next week, they should at least acknowledge to attendees that they understand that due to the UK’s energetic pursuit of de-carbonisation, electricity prices in UK are among the highest in the world, more than double those in the US, and between five and ten times the cost in India or China. This is a massive headwind for any businesses that manufactures here.

With already handed to GB Energy to keep Ed Miliband busy, there must surely be a far offshore wind turbine badly in need of a visit on the day of the summit.

Andrew Griffith MP, former Economic Secretary and Lord Dominic Johnson, former Minister of State for Investment were both involved in delivering the 2023 Global Investment Summit

Udabur Stock