Starmer’s cautious managerialism a threat to Labour’s advantage

In a large, featureless room in a glass tower block in the City of London on Thursday morning Labour’s shadow business secretary Jonathan Reynolds was introducing himself to UK Finance, the body that represents Britain’s banking and financial services sector. He started with an apology.

“Labour’s good relationship with business was once known as the ‘the prawn cocktail offensive’. Many of you have told me that in the last few years, you felt it was just plain ‘offensive’,” he said.

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