John Allan, Chairman of Tesco, will be among top business leaders addressing a Labor Party business conference today.
Nearly 400 senior business leaders, executives and lobbyists are expected to attend the day-long conference at Canary Wharf in London’s Docklands.
Labor politicians who will address them include Sir Keir Starmer, the party’s leader, Angela Rayner, his deputy, and Rachel Reeves, the shadow chancellor. Sadiq Khan, the Labor mayor of London, will also attend.
Justin King, former CEO of J Sainsbury and non-executive director of Marks & Spencer, Amanda Blanc, CEO of insurance insurer Aviva, and Clare Barclay, CEO of Microsoft UK, will also speak at the event.
The seniority of the speakers at the conference is yet another sign of the growing ties between big business and Labor, which leads the Conservatives by 21 points in polls. The event is sold out, with a waiting list for those wishing to attend.
“This full-day event will bring together politicians and senior representatives from the business world to discuss how we can work together to restart our economy,” the program states. The Canary Wharf event, also home to the 2023 Business Champion Awards, will include sessions on upskilling the workforce and creating long-term economic certainty.
Reeves will use the event to publish the results of the party’s review of Britain’s start-up investment landscape and how to encourage capital from insurers and pension funds to support growth companies.
“The availability of that patient capital is much higher in the US, for example, than it is in the UK; I want to have that everywhere in Britain,” Reeves said.
The review, led by Lord O’Neill, is expected to focus on how towns and cities outside of London will be crucial to the future success of Britain’s start-ups.
HSBC, the FTSE 100 bank, SSE, the energy giant and the Canary Wharf Group are listed as sponsors of the event. Heathrow Airport is also a sponsor and is organizing a drinks reception. Just Eat sponsors lunch.