General election latest: Tom Kerridge among 120 business leaders in open letter backing Labour - as Tories promise to unfreeze tax threshold for pensioners

This morning, over 120 business leaders announced their endorsement of the Labour Party, saying Britain is in 'urgent need of a new outlook' on the economy .We asked Work and Pensions Secretary Mel Stride what that says about the Conservatives, and he pointed out that there are no names of FTSE 100 leaders among the signatories.

What 'really matters', he argued, is which party can grow the economy, while keeping inflation down - and he insisted the government implemented the 'right fiscal policy' to do so, which included 'resisting pay demands and things like that'.'My point is, we are turning a corner now. We are at an inflection point for the UK economy and things are going to improve going forward,' he said.

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More than 120 business leaders sign letter backing LabourThe letter was published just before Rachel Reeves's first speech of the campaign where she will promise to be both pro-business and pro-worker.
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More than 120 business leaders back Labour 'to achieve UK's full economic potential'In an open letter, figures including chef Tom Kerridge and the founder of Wikipedia Jimmy Wales give the 'changed' party their support as they claim a 'lack of political stability' has held the country back.
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