Scenting Power, U.K. Business Flocks to the Labour Party
  • 6 months ago
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It was impossible to miss: a large green, yellow and blue off-road vehicle parked in a prime spot in the exhibition hall at the Labour Party’s annual conference. The car belonged to Ineos, one of the world’s largest chemical companies, and its outsize presence, among dozens of businesses and organizations, marked the company’s first time attending the gathering.

Andrew Gardner, who runs Ineos’s huge refinery complex in Grangemouth, Scotland, was standing by the vehicle on Tuesday afternoon, grabbing time with passing Labour lawmakers to discuss the company’s goals.
He had never attended a Labour conference before, and skipped the governing Conservative Party’s the previous week, but said he had come to this one, in the northern English city of Liverpool, because Labour was expected to form the next government. His colleague Richard Longden, Ineos’s head of communications, chimed in, describing “a vibe here of a party that’s changed, and one that’s looking forward to the future. And business needs to be speaking to them and needs to be seen.”

“Which is exactly why we’re here,” Mr. Gardner added.

In Britain, the Conservative Party has traditionally been seen as the party of business and the guardians of free enterprise. Now, under the centrist leadership of Keir Starmer, Labour is taking over that mantle. As the party inches closer to power, with a general election expected next year, it is engaged in a mutually beneficial love-in with the corporate sector.

At the four-day conference this week, attended by 18,500 people, British executives and lobbyists representing industries from finance and technology to construction and defense crammed into bars, corridors and meeting rooms as Labour made its pitch to be “the undisputed party of business,” in the words of Jonathan Reynolds, a lawmaker who speaks for Labour on the issue.

The record attendance was boosted by companies showing up for the first time, decamping from their more familiar habitat of Conservative Party gatherings, including Ineos, whose CEO and founder is the billionaire Brexit supporter Jim Ratcliffe.

Mr. Gardner said that Labour was already saying 80 percent of what he wanted to hear in terms of decarbonizing large-scale industry, as the company invests in reducing its carbon emissions. (That off-road vehicle was hydrogen-powered.) But he was there to push for the last portion, which was to lobby Labour not to end natural gas exploration in the North Sea too soon.

That message was “slowly percolating,” he said. And there was some evidence that Ineos was being heard: Rachel Reeves, who would become Britain’s first female chancellor if Labour win next year, mentioned Grangemouth in her speech to party members.

The party brought together about 200 executives on Monday at a forum within the conference to meet would-be cabinet ministers.

“What we are experiencing is a party who tell us that, if elected, they w
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