meta_pixel
Tapesearch Logo
Log in
Political Fix

Wooing business: will it work?

Political Fix

Financial Times

News, Politics, News & Politics

4.21.2K Ratings

🗓️ 28 April 2023

⏱️ 26 minutes

🧾️ Download transcript

Summary

Rishi Sunak has launched a charm offensive to win back the support of business while Labour wines and dines the financial community. Are their efforts to connect with corporate Britain convincing? Host George Parker discusses with the FT’s markets editor Katie Martin and deputy political editor, Jim Pickard. Plus, we look ahead to next week’s local elections. George and political correspondent Jasmine Cameron-Chileshe compare notes on the mood they found on the doorsteps around the country and columnist Robert Shrimsley provides his analysis.


Want more?


Why the Tories worry about Labour’s charm offensive with business


Jeremy Hunt admits UK business taxes too high as government pressed on strategy

Sunak aims to woo Britain’s business leaders in corporate reset

Sign up for 90 free days of Stephen Bush's Inside Politics newsletter, winner of the World Association of News Publishers 2023 ‘Best Newsletter’ award: https://www.ft.com/newsletter-signup/inside-politics 


Presented by George Parker. Produced by Anna Dedhar and Josh Gabert-Doyon. The executive producer is Manuela Saragosa. The sound engineer is Jan Sigsworth and the FT’s head of audio is Cheryl Brumley. 


Follow @GeorgeWParker on Twitter 


Read a transcript of this episode on FT.com


Hosted on Acast. See acast.com/privacy for more information.

Transcript

Click on a timestamp to play from that location

0:00.0

Boris Johnson famously told Business to f-off, but this week Prime Minister Rishi Sunak was a little more conciliatory.

0:09.0

This government is unashamedly pro-business. It's as simple as that.

0:16.0

Welcome to the Political Fix, your essential insider guide to Westminster from the Financial Times, with me George Parker.

0:24.0

Coming up, Rishi Sunak is hoping to win back support in the business community, even as Labour conducts what it doesn't like to call a prawn cocktail offensive.

0:33.0

An attempt to woo the financial community with a series of breakfast, lunches and dinners.

0:38.0

The FT's market said it's a Casey Martin and Deputy Political Editor Jim Picard are on hand to look at the Labour and Tory recipes.

0:45.0

Plus, we'll look ahead to next week's local elections, what to expect.

0:50.0

I've been out and about in Lincolnshire, and will be comparing notes with the FT's Political Correspondent, Jasmine Cameran-Shileshi.

0:56.0

He's been out on the mean streets of Surrey, with analysis from our columnist, Robert Strumsley.

1:02.0

Thank you all for joining.

1:08.0

It was back in 1992, when the then-environment Secretary Michael Heseltine launched a scornful attack on the Labour Party's attempts to win supports among the business community.

1:18.0

Labour ministers have been whining and dining leaders in the city. Mr Heseltine been moaned, the prawn cocktails that have been eased.

1:25.0

Never, he said, have so many crustaceans died in vain.

1:29.0

Well, this week both parties were at it again. Rishi Sunak launched a major new effort to reconnect the Tories with UK PLC at an event called Business Connect.

1:39.0

And Labour's shadow chancellor Rachel Reeves will next month up the ante to be the party of business when she travels to New York to meet big investors in the UK.

1:48.0

So, which side is winning with me are the FT's Katie Martin and Jim Picard.

1:54.0

So, Jim, what was the point of Rishi Sunak bringing together 250 old footsie bosses, C-suite people and all the rest of it?

2:01.0

So, Rishi Sunak feels on the back foot in terms of government relations with business for several reasons.

2:07.0

Firstly, of course, we have Brexit, which most business leaders in general were opposed to with the dislocation at the border that has happened since then.

2:15.0

Then we've had the political chaos, which has sent out a signal to global investors that this is probably not the kind of most reliable place to invest,

2:24.0

changes of Prime Minister, changes of business, secretaries and all of that that happened under Boris Johnson and Liz Truss.

2:31.0

And he just wants to say, you know, we are now entering a period of managerial, stable, political governance where actually we can listen to you and do long term planning.

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from Financial Times, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Financial Times and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2026.