Starmer, Bankers and Manchester United: Your Guide to Davos 2023

Leaders with Francine Lacqua

Bloomberg

Management, Business, Careers, Entrepreneurship

4.6 • 64 Ratings

🗓️ 19 January 2023

⏱️ 21 minutes

🔗️ Recording | iTunes | RSS

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Summary

The Labour leader Sir Keir Starmer and his chancellor Rachel Reeves arrived in Davos on Wednesday as they step up their business-charm offensive. As senior reporter Phil Aldrick puts it on this week’s In the City, they are there to build up their profile. While an appearance from Prime Minister Rishi Sunak might have been seen as “one billionaire speaking to other billionaires,” in the case of Starmer, who reportedly was invited by World Economic Forum Chairman Klaus Schwab himself, it’s an opportunity to present the Labour Party as the UK’s future.

Aldrick joins hosts Francine Lacqua and David Merritt to discuss what attendees of this year's Davos conference are saying about the UK. They also discuss the major agenda items — the war in Ukraine and the Inflation Reduction Act in the US — as well as what the conversations in Davos mean for the City, and whether Manchester United’s decision to take over one of the shopfronts on the promenade is an attempt to expand its fan base or its roster of potential investors. Meanwhile, there's something else worth talking about: Is the Davos forum's influence a thing of the past?

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1:06.0	And we came and we thought, there'll be a couple people in fact.
1:10.0	And it is, I guess it's representative of how popular Manchester United or is they're not,
1:14.6	how popular, how intriguing they are to all sports fans.
1:18.6	It's a good party actually. There's a lot of people, they have a stand.
1:22.6	People were joking that it was like their for sale stand, but they've definitely denied it. They've denied that, although I think they are on the books for sale.
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1:35.8	We're still working, so maybe no alcohol.
1:41.9	It's one of the most bizarre things that you see on Promenade in Davos. This is the main road where you have all the millionaires, billionaires, the elite, the businessmen trying to talk. And I have seen over the years strange things, but there's a big Man United shop. And they had a nightcap. Some of the owners were there. The goalkeeper was there. But they say, look, this is not because they're up for sale. Well, what are they doing, selling merch to all of the hedge funders? I mean, what's the point of them selling up a big shop if they're not actually? Surely they're trying to catch the eyes of the Qatarie investment fund, aren't they? Isn't that? I mean, so we spoke to the Qatarie Investment Fund, and he said, look, they're definitely looking at football investments.
	...

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