{"id":1989,"date":"2024-05-27T21:21:50","date_gmt":"2024-05-27T21:21:50","guid":{"rendered":"https:\/\/260web.com\/news\/more-than-120-business-chiefs-sign-letter-backing-labour\/"},"modified":"2024-05-27T21:21:50","modified_gmt":"2024-05-27T21:21:50","slug":"more-than-120-business-chiefs-sign-letter-backing-labour","status":"publish","type":"post","link":"https:\/\/260web.com\/news\/more-than-120-business-chiefs-sign-letter-backing-labour\/","title":{"rendered":"More than 120 business chiefs sign letter backing Labour"},"content":{"rendered":"<p>More than 120 business chiefs sign letter backing Labour<\/p>\n<div data-component=\"image-block\" class=\"ssrcss-xza2yt-ComponentWrapper ep2nwvo1\">\n<figure class=\"ssrcss-8589xk-StyledFigure e34k3c23\">\n<div class=\"ssrcss-ab5fd8-StyledFigureContainer e34k3c21\"><span class=\"ssrcss-67h8mh-Placeholder etlorgc0\"><picture><source srcset=\"https:\/\/ichef.bbci.co.uk\/news\/240\/cpsprodpb\/fbe7\/live\/1f6e7490-1c3d-11ef-ac61-e7bb0ab72f9c.jpg.webp 240w, https:\/\/ichef.bbci.co.uk\/news\/320\/cpsprodpb\/fbe7\/live\/1f6e7490-1c3d-11ef-ac61-e7bb0ab72f9c.jpg.webp 320w, https:\/\/ichef.bbci.co.uk\/news\/480\/cpsprodpb\/fbe7\/live\/1f6e7490-1c3d-11ef-ac61-e7bb0ab72f9c.jpg.webp 480w, https:\/\/ichef.bbci.co.uk\/news\/624\/cpsprodpb\/fbe7\/live\/1f6e7490-1c3d-11ef-ac61-e7bb0ab72f9c.jpg.webp 624w, https:\/\/ichef.bbci.co.uk\/news\/800\/cpsprodpb\/fbe7\/live\/1f6e7490-1c3d-11ef-ac61-e7bb0ab72f9c.jpg.webp 800w, https:\/\/ichef.bbci.co.uk\/news\/976\/cpsprodpb\/fbe7\/live\/1f6e7490-1c3d-11ef-ac61-e7bb0ab72f9c.jpg.webp 976w\" type=\"image\/webp\"><img decoding=\"async\" alt=\"Rachel Reeves\" loading=\"eager\" src=\"https:\/\/260web.com\/news\/wp-content\/uploads\/2024\/05\/om4gH4.jpg\" srcset=\"https:\/\/ichef.bbci.co.uk\/news\/240\/cpsprodpb\/fbe7\/live\/1f6e7490-1c3d-11ef-ac61-e7bb0ab72f9c.jpg 240w, https:\/\/ichef.bbci.co.uk\/news\/320\/cpsprodpb\/fbe7\/live\/1f6e7490-1c3d-11ef-ac61-e7bb0ab72f9c.jpg 320w, https:\/\/ichef.bbci.co.uk\/news\/480\/cpsprodpb\/fbe7\/live\/1f6e7490-1c3d-11ef-ac61-e7bb0ab72f9c.jpg 480w, https:\/\/ichef.bbci.co.uk\/news\/624\/cpsprodpb\/fbe7\/live\/1f6e7490-1c3d-11ef-ac61-e7bb0ab72f9c.jpg 624w, https:\/\/ichef.bbci.co.uk\/news\/800\/cpsprodpb\/fbe7\/live\/1f6e7490-1c3d-11ef-ac61-e7bb0ab72f9c.jpg 800w, https:\/\/ichef.bbci.co.uk\/news\/976\/cpsprodpb\/fbe7\/live\/1f6e7490-1c3d-11ef-ac61-e7bb0ab72f9c.jpg 976w\" width=\"2048\" height=\"1151.9006982156711\" class=\"ssrcss-11yxrdo-Image edrdn950\"><\/picture><\/span><span role=\"text\" class=\"ssrcss-tvuve5-StyledFigureCopyright e34k3c20\">Getty Images<\/span><\/div>\n<\/figure>\n<\/div>\n<div data-component=\"byline-block\" class=\"ssrcss-1hbb5i-BylineComponentWrapper e8mq1e90\">\n<div class=\"ssrcss-qt5zqv-BylineWrapper e8mq1e917\">\n<div class=\"ssrcss-h3c0s8-ContributorContainer e8mq1e916\">\n<div class=\"ssrcss-1u2in0b-Container-ContributorDetails e8mq1e913\">\n<div class=\"ssrcss-68pt20-Text-TextContributorName e8mq1e96\">\n<div class=\"ssrcss-1q14p6q-LinkWithChevronContainer e8mq1e91\">Faisal Islam<span class=\"ssrcss-o1g7k8-IconContainer-IconContainerChevron e8mq1e93\"><svg viewBox=\"0 0 32 32\" width=\"1em\" height=\"1em\" class=\"ssrcss-xi5oyi-StyledIcon e161cein1\" focusable=\"false\" aria-hidden=\"true\"><path d=\"M21.6 14.3 5.5 31h6.4l14.6-15L11.9 1H5.5l16.1 16.7z\" \/><\/svg><\/span><\/div>\n<\/div>\n<div class=\"ssrcss-84ltp5-Text e8mq1e910\">Economics editor<\/div>\n<div class=\"ssrcss-84ltp5-Text e8mq1e910\">\n<div class=\"ssrcss-1q14p6q-LinkWithChevronContainer e8mq1e91\">@faisalislam<span class=\"ssrcss-86zs3k-IconContainer-IconContainerChevron e8mq1e93\"><svg viewBox=\"0 0 32 32\" width=\"1em\" height=\"1em\" class=\"ssrcss-xi5oyi-StyledIcon e161cein1\" focusable=\"false\" aria-hidden=\"true\"><path d=\"M21.6 14.3 5.5 31h6.4l14.6-15L11.9 1H5.5l16.1 16.7z\" \/><\/svg><\/span><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"ssrcss-jlwt2c-Divider e8mq1e915\"><\/div>\n<\/div>\n<div data-component=\"timestamp-block\" class=\"ssrcss-xza2yt-ComponentWrapper ep2nwvo1\">\n<div>\n<ul role=\"list\" class=\"ssrcss-j4gvkq-MetadataStripContainer eh44mf03\">\n<div class=\"ssrcss-13nu8ri-GroupChildrenForWrapping eh44mf02\">\n<li role=\"listitem\" class=\"ssrcss-30fcoe-MetadataStripItem eh44mf01\">\n<div class=\"ssrcss-m5j4pi-MetadataContent eh44mf00\"><span class=\"ssrcss-1pvwv4b-MetadataSnippet e4wm5bw3\"><span class=\"ssrcss-1if1g9v-MetadataText e4wm5bw1\"><time data-testid=\"timestamp\" datetime=\"2024-05-27T20:22:22.988Z\">27 May 2024, 21:22 BST<\/time><\/span><\/span><\/div>\n<\/li>\n<\/div>\n<\/ul>\n<\/div>\n<div>\n<ul role=\"list\" class=\"ssrcss-j4gvkq-MetadataStripContainer eh44mf03\">\n<div class=\"ssrcss-13nu8ri-GroupChildrenForWrapping eh44mf02\">\n<li role=\"listitem\" class=\"ssrcss-30fcoe-MetadataStripItem eh44mf01\">\n<div class=\"ssrcss-m5j4pi-MetadataContent eh44mf00\"><span class=\"ssrcss-1pvwv4b-MetadataSnippet e4wm5bw3\"><span class=\"ssrcss-1if1g9v-MetadataText e4wm5bw1\"><time data-testid=\"timestamp\" datetime=\"2024-05-27T20:52:01.375Z\">Updated 28 minutes ago<\/time><\/span><\/span><\/div>\n<\/li>\n<\/div>\n<\/ul>\n<\/div>\n<\/div>\n<div data-component=\"text-block\" class=\"ssrcss-uf6wea-RichTextComponentWrapper ep2nwvo0\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\"><b class=\"ssrcss-1xjjfut-BoldText e5tfeyi3\"><\/b><\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Dozens of business leaders have signed a letter endorsing the Labour Party\u2019s economic plans ahead of the 4 July general election saying it is \u201ctime for a change\u201d.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">In a letter published in Tuesday&#8217;s Times newspaper, 121 founders, CEOs, and former leaders at a range of financial services, retail and manufacturing firms say Labour has changed and \u201cwants to work with business\u201d on long term growth.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">It comes as shadow chancellor Rachel Reeves is due to deliver her first major speech of the election campaign to business supporters, including some former Conservative backers in the East Midlands later.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">She is expected to say she will lead the most \u201cpro-growth Treasury in our country\u2019s history\u201d.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Labour is borrowing from the Conservatives\u2019 playbook in getting business leaders to endorse their economic plans.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Ahead of the 2015 election, 100 corporate leaders endorsed the Conservatives. <\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">One of those, Malcolm Walker &#8211; the founder of supermarket chain Iceland &#8211; will now endorse Labour instead. <\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Other former Tory business letter signatories have told BBC News they will keep their counsel amid disappointment over the Liz Truss&#8217;s mini-budget, the Brexit deal and a general expectation of a change of government.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Among those who have signed the letter in the Times is the TV chef and restaurateur Tom Kerridge, some CEOs of smaller companies, former Heathrow Airport chief executive John Holland-Kaye, JD Sports chairman Andrew Higginson and Wikipedia founder Jimmy Wales.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">The CEOs of the UK\u2019s very largest FTSE 100-size companies tend to avoid taking sides in elections, and have not today.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">It is also unclear how representative this group of Labour backers are of business in general and their sectors in particular.<\/p>\n<\/div>\n<\/div>\n<div data-component=\"links-block\" class=\"ssrcss-12l5xzx-LinksComponentWrapper e3eyuya0\">\n<section class=\"ssrcss-msolhr-LinksWrapper e3eyuya5\">\n<ul role=\"list\" class=\"ssrcss-mh3hvv-InContentLinksGrid e3eyuya3\">\n<li class=\"ssrcss-r2yl4r-PromoItem e3eyuya1\">\n<div data-testid=\"promo\" class=\"ssrcss-nw19pv-Promo e1vyq2e80\">\n<div class=\"ssrcss-1enzf19-PromoCompact e18gnqux0\">\n<div class=\"ssrcss-1d68cot-PromoContent exn3ah99\">\n<div spacing=\"2\" class=\"ssrcss-1f3bvyz-Stack e1y4nx260\"><span role=\"text\"><\/p>\n<p class=\"ssrcss-15dlehh-PromoHeadline exn3ah96\"><span aria-hidden=\"false\">We will not increase income tax or NI, Labour says<\/span><\/p>\n<p><\/span><\/div>\n<div spacing=\"2\" class=\"ssrcss-1f3bvyz-Stack e1y4nx260\">\n<div>\n<ul role=\"list\" class=\"ssrcss-j4gvkq-MetadataStripContainer eh44mf03\">\n<div class=\"ssrcss-13nu8ri-GroupChildrenForWrapping eh44mf02\">\n<li role=\"listitem\" class=\"ssrcss-30fcoe-MetadataStripItem eh44mf01\">\n<div class=\"ssrcss-m5j4pi-MetadataContent eh44mf00\"><span class=\"ssrcss-1pvwv4b-MetadataSnippet e4wm5bw3\"><span class=\"ssrcss-1if1g9v-MetadataText e4wm5bw1\">1 day ago<\/span><\/span><\/div>\n<\/li>\n<\/div>\n<\/ul>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/li>\n<li class=\"ssrcss-r2yl4r-PromoItem e3eyuya1\">\n<div data-testid=\"promo\" class=\"ssrcss-nw19pv-Promo e1vyq2e80\">\n<div class=\"ssrcss-1enzf19-PromoCompact e18gnqux0\">\n<div class=\"ssrcss-1d68cot-PromoContent exn3ah99\">\n<div spacing=\"2\" class=\"ssrcss-1f3bvyz-Stack e1y4nx260\"><span role=\"text\"><\/p>\n<p class=\"ssrcss-15dlehh-PromoHeadline exn3ah96\"><span aria-hidden=\"false\">Election skirmishes over tax and workers&#8217; rights<\/span><\/p>\n<p><\/span><\/div>\n<div spacing=\"2\" class=\"ssrcss-1f3bvyz-Stack e1y4nx260\">\n<div>\n<ul role=\"list\" class=\"ssrcss-j4gvkq-MetadataStripContainer eh44mf03\">\n<div class=\"ssrcss-13nu8ri-GroupChildrenForWrapping eh44mf02\">\n<li role=\"listitem\" class=\"ssrcss-30fcoe-MetadataStripItem eh44mf01\">\n<div class=\"ssrcss-m5j4pi-MetadataContent eh44mf00\"><span class=\"ssrcss-1pvwv4b-MetadataSnippet e4wm5bw3\"><span class=\"ssrcss-1if1g9v-MetadataText e4wm5bw1\">2 days ago<\/span><\/span><\/div>\n<\/li>\n<\/div>\n<\/ul>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/li>\n<li class=\"ssrcss-r2yl4r-PromoItem e3eyuya1\">\n<div data-testid=\"promo\" class=\"ssrcss-nw19pv-Promo e1vyq2e80\">\n<div class=\"ssrcss-1enzf19-PromoCompact e18gnqux0\">\n<div class=\"ssrcss-1d68cot-PromoContent exn3ah99\">\n<div spacing=\"2\" class=\"ssrcss-1f3bvyz-Stack e1y4nx260\"><span role=\"text\"><\/p>\n<p class=\"ssrcss-15dlehh-PromoHeadline exn3ah96\"><span aria-hidden=\"false\">Election poll tracker: How do the parties compare?<\/span><\/p>\n<p><\/span><\/div>\n<div spacing=\"2\" class=\"ssrcss-1f3bvyz-Stack e1y4nx260\">\n<div>\n<ul role=\"list\" class=\"ssrcss-j4gvkq-MetadataStripContainer eh44mf03\">\n<div class=\"ssrcss-13nu8ri-GroupChildrenForWrapping eh44mf02\">\n<li role=\"listitem\" class=\"ssrcss-30fcoe-MetadataStripItem eh44mf01\">\n<div class=\"ssrcss-m5j4pi-MetadataContent eh44mf00\"><span class=\"ssrcss-1pvwv4b-MetadataSnippet e4wm5bw3\"><span class=\"ssrcss-1if1g9v-MetadataText e4wm5bw1\">10 hours ago<\/span><\/span><\/div>\n<\/li>\n<\/div>\n<\/ul>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/li>\n<\/ul>\n<\/section>\n<\/div>\n<div data-component=\"text-block\" class=\"ssrcss-uf6wea-RichTextComponentWrapper ep2nwvo0\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">But Ms Reeves believes this public display of support for Labour will demonstrate its credibility to the public.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Some Conservative business figures said there had been no effort similar to 2015 to organise a Tory business endorsement letter.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Chancellor Jeremy Hunt\u2019s advisers are known to be warning businesses about what they say is a move to French-style workers\u2019 rights should Labour win. <\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Some top retailers have expressed concern about the plan, including a repeal of Conservative anti-strike laws.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Chief Secretary to the Treasury Laura Trott said: &#8220;Rishi Sunak and the Conservatives have a clear plan that businesses can rely on. <\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">&#8220;We took the bold action to deliver the biggest business tax cut in modern history\u201d.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">The Lib Dems told BBC News that businesses are &#8220;crying out for stability and certainty after years of the Conservatives\u2019 chaos and mismanagement&#8221;.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">\u201cThe Liberal Democrats would launch an industrial strategy to boost investment and reform the broken business rates system to support our high streets,&#8221; a spokesperson said.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">The Green Party of England and Wales told the BBC it &#8220;would invest in the technologies we need to ensure a sustainable and secure future&#8221;.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">&#8220;We need to ensure our economy works in a way that safeguards our climate and enables nature to flourish,&#8221; co-leader Adrian Ramsay said.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">The Scottish National Party&#8217;s Drew Hendry accused Labour of &#8220;ignoring the most fundamental reason for the economic decline of the United Kingdom &#8211; Britain is broken and Brexit broke it&#8221;, adding: &#8220;Only the SNP will fight for a future back at the heart of the European Union.&#8221;<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Plaid Cymru Treasury spokesman Ben Lake said Wales needs &#8220;economic plans to break the economic doom loop we\u2019re in&#8221; and his party would &#8220;invest in the Welsh economy to drive growth and reduce inequality&#8221;.<\/p>\n<\/div>\n<\/div>\n<div data-component=\"topic-list\" class=\"ssrcss-1qmkvfu-TopicListWrapper etw6iwl1\">\n<div class=\"ssrcss-smoc0a-StyledTagContainer ed0g1kj1\">\n<div class=\"ssrcss-50vlbt-TopicListHeaderWrapper etw6iwl0\">\n<h2 type=\"normal\" class=\"ssrcss-1hh51ad-Heading e10rt3ze0\">Related Topics<\/h2>\n<\/div>\n<div class=\"ssrcss-17ehax8-Cluster e1ihwmse1\">\n<ul role=\"list\" spacing=\"2\" class=\"ssrcss-1ujonwb-ClusterItems e1ihwmse0\">\n<li>Rachel Reeves<\/li>\n<li>Money<\/li>\n<li>Economics<\/li>\n<li>Labour Party<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/div>\n<p>Published at Mon, 27 May 2024 20:52:01 +0000<\/p>\n","protected":false},"excerpt":{"rendered":"<p>More than 120 business chiefs sign letter backing Labour Getty Images Faisal Islam Economics editor @faisalislam 27 May 2024, 21:22 BST Updated 28 minutes ago Dozens of business leaders have signed a letter endorsing the Labour Party\u2019s economic plans ahead of the 4 July general election saying it is \u201ctime for a change\u201d. In a&hellip; <a class=\"more-link\" href=\"https:\/\/260web.com\/news\/more-than-120-business-chiefs-sign-letter-backing-labour\/\">Continue reading <span class=\"screen-reader-text\">More than 120 business chiefs sign letter backing Labour<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":1988,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[],"class_list":["post-1989","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uk-politics","entry"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/260web.com\/news\/wp-json\/wp\/v2\/posts\/1989","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/260web.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/260web.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/260web.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/260web.com\/news\/wp-json\/wp\/v2\/comments?post=1989"}],"version-history":[{"count":0,"href":"https:\/\/260web.com\/news\/wp-json\/wp\/v2\/posts\/1989\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/260web.com\/news\/wp-json\/wp\/v2\/media\/1988"}],"wp:attachment":[{"href":"https:\/\/260web.com\/news\/wp-json\/wp\/v2\/media?parent=1989"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/260web.com\/news\/wp-json\/wp\/v2\/categories?post=1989"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/260web.com\/news\/wp-json\/wp\/v2\/tags?post=1989"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}