General election: Labour 'natural party of business' - as Rachel Reeves defends big pay packets for 'people at the top'

Labour is the 'natural party of British business' and that includes paying bosses large salaries, the party's shadow chancellor has said. In her first major speech of the election campaign, Rachel Reeves sought to persuade voters Labour are now pro-business and pro-workers. She also said they would bring the UK closer to the European Union, something the party has previously announced, and 'bring investment back to Britain'.

' She said she was not a socialist but a social democrat and is relaxed about company bosses becoming very rich. 'I want businesses to be successful, and that includes paying people at the top properly for the work that they're doing,' she said. 'But I'm also committed to turning the minimum wage into a real living wage so that ordinary working people also benefit when the economy grows and is successful.

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