UK Labour party's new love affair with British business

Several hundred business bigwigs met and talked to opposition leader Keir Starmer on Monday at a business forum that was sold out at the annual gathering in Liverpool, northwest England.

The 61-year-old, whose party is well ahead of the Tories in opinion polls ahead of a general election expected next year, talked up the idea of a"partnership" between the businessStarmer has brought his party back to the centre since succeeding left-winger Jeremy Corbyn as leader in 2020 following a landslide defeat to the Tories at the last election in December 2019.

"I think they understand the value of economic activity and the need to do more in Britain," Martin Land, director of renewable energy project Mersey Tidal Power told AFP.He said he was won over by the party's commitment to"skills" and its desire to strengthen trade relations with the European Union, which have been complicated since Brexit.

"The relationship between Labour and business historically has been volatile. It's been often one of suspicion," which peaked under Corbyn's leadership, said Lodestone director Tom King.King noted that Starmer and Rachel Reeves, who would become finance minister in a future Labour government, have"worked extremely hard at turning round the narrative about Labour", in particular by putting economic growth at the heart of its strategy.

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Claudia Goldin wins Nobel for work on women in the labour marketThe Nobel prize in economics was on Monday awarded to American economist Claudia Goldin for her research that has helped understand the role of women in the labour market. The 77-year-old Harvard professor, who is the third woman to be awarded the prestigious economics prize, was given the nod 'for having advanced our understanding of women's labour market outcomes,' the jury said.
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