Davos 2023-‘Open for business’ Labour slams PM Sunak no-show

DAVOS, Switzerland (Reuters) – Britain’s Prime Minister Rishi Sunak will not attend the World Economic Forum’s annual meeting as UK Labor Party leader Kiel Sturmer unveiled a green growth plan at the Davos conference on Thursday. criticized that

Sturmer told attendees at a Swiss resort that the future Labor government is ready to partner with business as polls continue to dominate the polls ahead of elections in the next two years. He said he would pursue a more “active nation”.

He said Britain, facing a cost-of-living crisis that fueled widespread strikes, could benefit from clean energy plans that would lower fuel costs, create jobs and help tackle the climate crisis. .

“The UK has huge potential when it comes to wind and offshore wind,” Sturmer told the WEF panel.

Sturmer said the Davos meeting will be an opportunity to speak with CEOs and investors who may partner with future Labor governments to advance the party’s green prosperity plan, including the establishment of a new vehicle called Great British Energy. I said yes.

He said Sunak’s failure to attend the meeting had been noted by some of the people he spoke to, and the criticism was picked up by his party colleague Rachel Reeves.

“Somebody needs to be the UK’s ambassador and the Prime Minister and the Prime Minister are not here,” she told another audience, referring to Chancellor of the Exchequer Jeremy Hunt.

“We are here to send the message that the next election… will open the UK economy to business again.”

Snack did not attend the event, but the British government sent Trade Minister Kemi Badenok and Business Minister Grant Shaps to Davos.

Former Prime Minister Boris Johnson also appeared, urging Britain’s allies to double down on sending military equipment to Ukraine.

Renewable energy

Labor’s economic credibility with financial institutions and markets, which has been cautious on some of its policies in the past, has made it popular with far-left voters, but starmers who have failed to oust the ruling Conservative Party in polls. suffered under its more radical predecessor, Jeremy Corbyn. .

The opposition leader also said it was important to tell a clear story about stability and economic growth, adding that the UK has all the attributes of being good for investment but needs to create the right conditions and environment. rice field.

Mr Sturmer said Labor wants to establish a new role for fossil fuel companies in the energy transition and that there will be no new investment in oil and gas fields under a Labor government.

“What we’ve said about oil and gas is that we need a transition. Obviously we’ll play that role during that transition, but it’s not a new investment, it’s not a new sector in the North Sea. needs to make sure renewable energy is the next destination,” he said.

Britain, which has just held a new licensing round of oil and gas exploration licenses in the North Sea under the Conservative Party, will refrain from joining the international club of countries that ban the development of new oil and gas fields.

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Reported by Brenda Goh. Written by Mark John.Edited by Alexander Smith

Our standards: Thomson Reuters Trust Principles.

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