September 22, 2024

Davos day three: Keir Starmer says Rishi Sunak should not have missed economic conference – live

Davos #Davos

Good morning from Davos, where the third day of the World Economic Forum is underway.

The Brits are in town today, and so are the climate activists.

Boris Johnson is appearing at a breakfast briefing on Ukraine shortly, to discuss the most urgent issues facing Ukraine. He’s expected to be joined by (among others) Yulia Svyrydenko, 1st Vice Prime Minister of Ukraine, Blackrock CEO Larry Fink, Mark Rutte, the prime minister of the Netherlands, David Rubenstein of the Carlyle Group, and David Solomon, Chairman & CEO of Goldman Sachs.

UK PM Rishi Sunak is steering clear of Davod, though – business secretary Grant Shapps and trade secretary Kemi Badenoch are here instead.

Labour are also in attendance, with leader Keir Starmer and shadow chancellor Rachel Reeves both appearing on panels today.

Starmer will tell global financial leaders that Britain “will be open for business” under a future Labour government.

They plan to promote Labour’s green prosperity plan to decarbonise the economy, boost energy security and ensure Britain leads in future green industries.

Ahead of the visit, Reeves said:

“With Labour in government, Britain will be open for business. We have the ambition and the practical ideas to have our country lead on the global stage again, especially in those green industries of the future that are so vital for our energy security.

“We will restore economic growth to the UK, improving living standards and creating jobs, and bring global investors back to drive our economy forwards – all built on the rock of economic stability and certainty.

“Labour will work in partnership with business to boost investment in the UK economy, to make sure the jobs of the future are in the UK, and to ensure the UK is a world leader in the climate transition.”

Related: Starmer to tell Davos a Labour Britain would be ‘open for business’

Shapps, who will speak at the traditional UK business leaders lunch today, is expected to outline a new plan to ‘scale up’ British businesses.

In a video clip released yesterday, the business secretary says:

“When I pack my luggage, I won’t just be taking a warm jacket. I’m going to be taking a vision for how we take this country and we scale up Britain.”

It’s minus 8 celsius this morning here, so Shapps will need that cosy jacket too.

Greta Thunberg is also here today, appearing at a meeting of activists from the Fridays For Future movement.

They’ve invited the Executive Director of the International Energy Agency, Fatih Birol, for a dialogue at the World Economic Forum.

Thunberg, Helena Gualinga from Ecuador, Vanessa Nakate from Uganda, Luisa Neubauer from Germany and Birol will discuss whether governments and businesses are responding adequately to the climate crisis.

  • 7.30am Davos / 6.30am GMT: Breakfast briefing on Ukraine

  • 9am Davos / 8am GMT: A panel on The Future of Industrial Policy, with Grant Shapps

  • 9.30am Davos / 8.30am GMT A panel on Ransomware: To Pay or Not to Pay, including Catherine De Bolle, Executive Director of Europol & Christopher Wray, FBI director

  • 10.30am Davos / 9.30am GMT: A Conversation with Satya Nadella, CEO of Microsoft

  • 11:30am Davos / 10.30am GMT: a Special Address by Yoon Suk-yeol, President of the Republic of Korea

  • 2pm Davos / 1pm GMT: A panel sesssion on Repowering the World, including Keir Starmer

  • 3pm Davos / 2pm GMT: Is the World in a Debt Spiral? With José Antonio Ocampo, Minister of Finance and Public Credit of Colombia; Rachel Reeves, and Axel van Trotsenburg, Managing Director, Operations, World Bank

  • 5.15pm Davos / 4.15pm GMT: A press conference on the launch of the Coalition of Trade Ministers on Climate, with trade ministers from Ecuador, the European Union, Kenya, and New Zealand

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