The UK Labour Party has announced plans to significantly increase investment in the country's pharmaceutical industry, with a proposed £10 billion annual boost to research and development if they come to power. This initiative is part of a broader strategy to enhance the life sciences sector, which is valued at £108 billion and is considered critical to the UK's future health and economic prosperity. Labour's shadow chancellor, Rachel Reeves, has pledged to champion the UK's financial services sector, which is responsible for 12% of GDP, emphasizing the need to harness its potential for growth and job creation across the country. Reeves has stated there is no intention of reinstating the bankers' bonus cap, aiming to be the champion of a thriving financial services industry. The party's financial services review, which includes a focus on regulatory certainty and consistency, has been well-received by business leaders and investment firms. Labour leader Keir Starmer has also committed to boosting productivity growth and providing certainty, stability, and a comprehensive plan for the future, seeking to win over business support and address wage stagnation.
👉 Business leaders are backing Labour because we have the economic plans to rebuild Britain. The Tories crashed the economy. They’ve given us years of political chaos. Labour will provide what we know businesses need: certainty, stability, and a real plan for the future. https://t.co/ylFNiySt57
Labour has a plan for business that will bring growth and prosperity to every corner of Britain. As Prime Minister, I will roll up my sleeves to deliver it. https://t.co/lIxExkhUnc
In a critical pitch to win the support of businesses, the Labour leader will praise more than 400 bosses as he launches his party’s plan to reverse wage stagnation and boost growth ⬇️ https://t.co/U3d2HhZkYG
UK opposition Labour party pledge productivity fix in latest pitch to business https://t.co/DL3qtYP2Xf https://t.co/TZHI1Oyekn
UK opposition leader Keir Starmer will pledge to boost productivity growth in a speech to top executives, making a fresh pitch for business support https://t.co/L2kvO2EVHa
A useful summary of @UKLabour plan for UK life sciences Some good things here. But plenty that’s not: biggest question is what they do with carried interest. Let’s not forget private capital is the life blood of our innovation economy https://t.co/H2iqSMm6Oo
To grow our economy and raise living standards, we need a vibrant financial services sector. That's what I'll deliver as Chancellor. https://t.co/LZ3NX4XelQ
“There is lots to like in Labour’s financial growth plan that was published today. “If we are serious about fostering vibrant UK capital markets we must look urgently at ways to increase investment by institutional and individual investors into our blue chips of tomorrow. https://t.co/xn1xOyRxAq
I'm delighted to say I’ve published our review on financial services today. @RachelReevesMP and I have set out our vision to harness the sector to drive growth across the UK Labour will champion financial services as one of the UK's greatest assets. https://t.co/vGtudIecaB
Sunak reveals business council to boost growth credentials https://t.co/oIXPqRcq1U via @Hariboconomics @kitty_donaldson https://t.co/pHIwYoaApA
Prime Minister Rishi Sunak launches a new business council as the UK government promises to boost the economy ahead of a general election later this year https://t.co/eEeOV39nJB
UK PM Sunak launches new business council https://t.co/KET3AkKYcG https://t.co/vR9t3b30Wl
We need political certainty to drive up investment in the UK. In their Financial Services review, published this morning, Labour's focus on regulatory certainty and consistency is spot on. When we asked our members 70% of them told us that businesses they invested in had…
Rishi Sunak launches new business council to win back corporate confidence https://t.co/45k6bIXuLe
NEW: Rachel Reeves says she has “no intention” of bringing back the bankers bonus cap - scrapped in Liz Truss’s disastrous mini-budget - saying she wants to be the “champion” of a thriving financial services industry.
I’m pleased to be talking about the launch of my review of financial services for Labour this morning on @SkyNews, @TimesRadio and @LBC. Financial services are responsible for 12% of GDP, so we must harness their power to drive growth and create good jobs across the country. https://t.co/k8XuSif7bG
With @RachelReevesMP as Chancellor, Labour will work in partnership with businesses to kick down the barriers to growth, spur on investment and showcase Britain’s standing as a world leader in financial services. https://t.co/4oungtVClX
A Labour Government and Labour Mayor working together will help our businesses thrive so our people can too. @rachelreevesmp and @sadiqkhan writing in @CityAM today. https://t.co/fqr6miiyRx
The next Labour government will unashamedly champion the UK’s financial services sector to get our economy growing. https://t.co/BuuHzu3Nek
BT and Lloyds chiefs among new business advisers to Sunak https://t.co/tEnYN22kLE
Labour’s shadow chancellor Rachel Reeves said her party would “unashamedly champion” the UK’s financial services sector if it wins the next election https://t.co/jpLp8LI95C
It’s time to give the UK’s life sciences sector a plan to fully realise its potential. With Labour’s life sciences strategy, they’ll have it 👇 https://t.co/BxfGQyqLBJ
South Yorkshire has amazing Life Science innovations, Labour’s Life Sciences plan will make our NHS fit for the future: ✅ Increase research to transform medical treatment ✅ Create more jobs ✅ Drive growth https://t.co/djfXmS3vPn
Labour @UKLabour is revealing its life sciences strategy - details have been press released today and coverage is starting to emerge. Here's a couple of things that caught my eye, while we wait for the document itself to go online 🧵 https://t.co/kFtCKemhhN
Great to see the labour plan for life sciences today. Our sector has great potential to support the NHS and grow the economy. We need a solid partnership with any new government. Clarity on labour’s plan is highly appreciated @wesstreeting @peterkyle @jreynoldsMP @RachelReevesMP https://t.co/N2NmQ1JwHL
Our £108bn life sciences sector is critical to the UK's future health & prosperity, which is precisely why we're backing it with over £1bn to support investment A pleasure to speak about this & more at #BIAGalaDinner2024 last week, & look ahead to a bright future for UK life… https://t.co/wlvBFXsYc0
We cannot turn Britain’s economy around without a meaningful partnership with business. Thank you @Iain_w_Anderson for this independent review into how a Labour Government would engage with business https://t.co/TbW3NarTj2
The Labour Party announces plans to increase research and development in Britain’s pharmaceutical industry by £10 billion a year if it comes into power https://t.co/bfgsFpnIjU