Labour backed by more than 120 business leaders in letter calling for ‘change’

The letter, signed by figures including TV chef Tom Kerridge and Iceland founder Sir Malcolm Walker, says the country is in 'urgent need of a new outlook', 121 executives, including Sir Malcolm Walker, the founder of Iceland who in 2015 publicly backed the Conservatives, said: “The UK has the potential to be one of the strongest economies in the world. A lack of political stability and the absence of consistent economic strategy have held it back.

“We are looking for a government that will partner fiscal discipline with a long-term growth strategy, working in partnership with the private sector to drive innovation and investment to build digital and physical capital and fix our skills system. This is the only way to put us on track for sustained productivity growth.

In her first major election speech on Tuesday she is expected to tell business leaders that, having brought business back to Labour, the party can now “bring growth back to Britain”.

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