TORIES and Labour will go head-to-head in Davos this week as they try to show voters they can attract billions of pounds in investment to the UK.
Chancellor Jeremy Hunt and his Labour opposite number Rachel Reeves will try and grab the attention of global finance chiefs in the Swiss ski resort.
AFPChancellor Jeremy Hunt and shadow Chancellor Rachel Reeves head to Davos this week[/caption]
The shadow Chancellor will tell investors ‘Labour means business’ as she convenes senior finance figures together to discuss her plans to “make, do and sell” more in Britain.
The trip will be her second visit in a row to the World Economic Forum after heading there with party leader Sir Keir Starmer last year.
Foreign Secretary Lord Cameron will make the trip. It’s been along with the Chancellor who is also set to attend as Westminster decamps to Switzerland.
A Labour source close to the Shadow Chancellor said: “Rachel’s message to Davos will be simple: Labour means business.
“Under Keir and Rachel’s leadership, the Labour Party is once again a pro-business, pro-worker party.”
They added: “They have transformed the party and put together a serious, credible plan to get our economy growing, to cut people’s bills and to create good jobs across the country.
“But, we know we cannot do it alone. The next Labour government will work alongside business to deliver for working people – and that’s what this trip is about.”
She is hoping to firm up the party’s relationship with business having been on a charm offensive with top bosses since taking up the role.
She will host an event with shadow Business Secretary Jonathan Reynolds at a venue provided by City firm JP Morgan.
Sir Keir was last year asked to choose between Davos and Westminster – and chose the ski resort.
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He said: “Because Westminster is too constrained. And, you know, it’s closed and we’re not having meaning.
“Once you get out of Westminster, whether it’s Davos or anywhere else, you actually engage with people that you can see [yourself] working with in the future.”
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