Labour’s landslide election victory appears unlikely to cause much unrest in London’s financial heartland, after the party’s long-running pro-business outreach. However, many in the financial world remain concerned that they could be targeted in future moves to shore up Britain’s tight public finances.
Under Keir Starmer, the Labour Party has been aggressively reaching out to the City of London, as the financial district is also known. He is aware that his plans to boost economic growth will require a large dose of private capital.
“To achieve Labour’s bold ambition to make Britain a clean energy superpower, the private sector must play a central role,” Chris Hayward, policy director at the City of London Corporation, which runs the capital’s financial district, said on Friday.
