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Labour Party Leader & Shadow Chancellor Speak On Economy & Business

UK

Leader of the centre-left main opposition Labour Party Sir Keir Starmer has been speaking to the party's business conference in Canary Wharf, London about his plans for the economy and businesses. Although Labour is in opposition, the party look favourites to form the next UK gov't following the 2024 general election and therefore the party's economic plans are likely to come under increased market scrutiny as that date approaches.

  • Starmer says that he will not launch a tax raid on banks if he comes to power, disavowing a ‘quasi windfall tax’.
  • Tries to present a more pro-business stance, saying the party has changed since the era of leftist former leader Jeremy Corbyn.
  • Opinion polls show Labour retaining a substantial double-digit lead over PM Rishi Sunak's centre-right Conservatives and political betting markets assign a 78% implied probability that Starmer becomes PM after the next general election (likely at end-2024).
  • Livestream: https://www.youtube.com/watch?v=Bq8BnV9sEtY
Homepagemarkets-real-timePolitical Market NewsPolitical RiskPolitical Risk BulletBulletMarketsFixed Income BulletsForeign Exchange Bullets
Homepagemarkets-real-timePolitical Market NewsPolitical RiskPolitical Risk BulletBulletMarketsFixed Income BulletsForeign Exchange Bullets

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