Chief executives praise Labour's plans after investment summit

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One CEO said when capitalism 'smells an opportunity, the money will run towards it - but likewise, when it smells a problem, it runs away'.

This International Investment Summit has been circled in the new government's diary from the day it took office as a key opportunity to set out its claim to be a new kind of centre-left administration. Pro worker, as it's union funders and core voters take for granted; pro public-services, as the electorate that gave it a majority expects; but unashamedly pro business too. It's a trio of ambitions that do not always sit happily together and are usually framed as in competition.

But it resonated because it captures the trade-offs inherent in Labour's plans. Less than a week ago the government announced workers' rights reforms that companies believe will add to the cost of doing business, no matter how gently they are introduced.

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