Politics latest: Starmer to pledge to 'rip out bureaucracy' at flagship investment summit

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The PM and chancellor are set to welcome business leaders from around the world to their big investment summit today, with billions of pounds worth of deals due to be unveiled by ministers. Listen to the latest Electoral Dysfunction podcast as you scroll.

By Mark Kleinman, City editorThe government will later welcome more than £50bn of investment in the British economy as Sir Keir Starmer tries to reset his administration after a first hundred days marked by scandal and infighting.

The summit will be attended by executives from globally important companies such as Alphabet, BlackRock, Goldman Sachs and Deepmind.Sky News can also reveal that the summit will include a behind-closed-doors session chaired by the business secretary, Jonathan Reynolds, and a number of chief executives.The group will, according to insiders, jointly scrutinise a green paper on industrial strategy that will also be published on Monday.

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