Labour tells world: Britain is the place to do business

Positive message as Reeves unveils planning shake-up for 1.5 million more homes

- Nicholas Cecil and Rachael Burford

RACHEL REEVES today trumpeted to the world that Britain is a “safe place to invest” after political turbulence of recent years discouraged some businesses from doing so.

In her first major speech as Chancellor, she sought to send a message resounding around the globe that “in an uncertain world, Britain is a place to do business”. The new Labour Government is making boosting economic growth its number one priority as it seeks to bring in extra billions to improve public services.

Speaking to business chiefs at the Treasury, Ms Reeves explained how she wants to rev up Britain’s economy domestically, including by planning reforms. But she also had a message to reach far beyond the UK’s shores.

“To investors and businesses who have spent years doubting if Britain is a safe place to invest, then let me tell you: after 14 years, Britain has a Government that respects business, wants to partner with business and is open for business,” she said. “In an uncertain world, Britain is a place to do business.”