According to information obtained by the News, ministers have set a date for the Global Investment Summit for October 8 or around it. This would fulfill Labor’s election promise to hold the event within 100 days of taking office.
According to reports, Labour is optimistic that its first investment summit would be able to surpass the two that the Conservative governments have hosted in recent years. The most recent one, which took place last November, revealed £29.5 billion in new capital and project investments.
Stephen Schwarzman, the chef at Blackstone; Jamie Dimon, the head of JP Morgan Chase; David Solomon; and Ignacio Galan, the chairman of Iberdrola, the Spanish company that owns Scottish Power, were among the attendees of prior summits.
Jonathan Reynolds, the new business secretary, told leaders in the private sector on Tuesday that he would be open to communication and openly support business.
In a video conference with over 100 executives, including those from BT Group, BP, the CBI, and Heathrow Airport, Mr. Reynolds announced that his department would soon be launching an email address where corporations and investors could send him ideas and concerns.
