LONDON (Reuters) - Britain's opposition Labour Party will pledge to fix Britain's stagnating productivity at a conference for businesses on Thursday, its latest charm offensive to companies and investors ahead of a national election expected this year.
Keir Starmer, leader of the left-leaning party, will tell assembled executives that Labour will "get under the bonnet to fix an unprecedented stagnation in British productivity growth."
"The depth of the changes we've made to transform the Labour Party's relationship with business is something I take immense pride in," he will say, according to extracts released by the party.
Ahead of the conference, the party's finance policy chief Rachel Reeves said that Labour would champion Britain's financial sector and not bring in a new cap on bankers' bonuses.
Labour also wants closer economic ties with the European Union, including deeper co-operation with the bloc on financial services.
Persons:
Keir Starmer, Rishi Sunak's, Rachel Reeves, Alistair Smout
Organizations:
Labour Party, Labour, Economic, Conservative, Business, Growth, European Union
Locations:
Davos