What will the United Kingdom PM Starmer say the Labor Party Conference?

Rarely, if ever, a British prime minister, just a year in office and sitting in a vast parliamentary majority, he has gone to his annual party conference with such driving.

However, that is the strange situation that Keir Starmer faces this week at the Living Conference in Liverpool. His party, which is largely to the left of him, yearns for the ‘red meat’, as discarding the limit that restricts the payment of child benefit to the first two children in a family and a more aggressive position towards Israel about the conflict in Gaza.

Two rival games, the Greens and their match, the new vehicle launched by its hard leftist predecessor, Jeremy Corbyn, threatens to take advantage of that vote.

At the same time, the surveys are led by the Nigel Farage populist reform party, whose combination of nationalism and, in regard to the economy, the aspirations for a large government, the votes are taking off both from the work and the conservatives of the center of the right.

The business, which Starmer cut regularly before the general elections in July of last year, is in a particularly riot mood. Its Chancellor, Rachel Reeves, hit them unexpectedly with an increase of £ 25 billion in payroll taxes in their first autumn budget and, as a result, unemployment is increasing, employment vacancies are decreasing and depressed hiring intentions.

The CBI, which represents employers, recently calculated that the fiscal burden for companies during the most recent financial year has reached 30.5%, the highest of this century, which is expected to have increased this year.

A package of measures aimed at strengthening the workers’ hand, including the abolition of zero -hour contracts and giving employees’ day one of the rights’ that will make them difficult for them, has also alarmed many companies.

The specific sectors have been particularly alienated. A group of pharmaceutical companies, including Merck and AstrazenecaThey have arrested or reduce investments in the United Kingdom amid unhappiness in the drug price regime. Meanwhile, oil and gas producers are throwing jobs after Reeves increased the unexpected tax imposed on the sector.

Other policies have also irritated the world of commerce. The end of the state ‘no Dom’ left many thousands of owners and rich business investors potentially exposed to the inheritance taxes of the United Kingdom and many of them have gone, whose consequences are already appearing in public finances. Farmers also face greater taxes on the property and owners of small businesses face higher taxes on capital profits.

Unhappiness was established even before the budget. A call ‘business day’ at the Labor Conference last year caused criticism after the corporate delegates were charged £ 3,000 for attending, only to be denied access to the cabinet ministers.

Then, this year’s conference, and his speech today to the faithful of the party, is an opportunity for Starmer to change the page.

Businesses must listen, categorically, that there will be no more surprise taxes. The banking sector, in particular, needs peace of mind that it will not face additional impositions or in the form of an unexpected tax or a reduction in the interest rate he receives in his deposits in the Bank of England, which has been discussed by a series of key labor figures, including Gordon Brown, a former first minister prime minister.

Then there is the possibility of some positive surprises. The oil and gas sector has been encouraged by the reports that the labor can dilute its current policy, a prohibition of new exploration licenses in the North Sea, allowing the moorings, the new well -drilled wells in the current license areas, which could have the effect of reliving the activity.

The pensions and the investment sector want to see a promise that there will be no changes this parliament to the tax regime that encourages the savers to put aside the money for their old age and allow them to take a global sum of tax free from their savings.

And, in the long term, there is an appetite for the tax reforms that would cause the United Kingdom economy to be more competitive.

Rick Haythornthwaite, president of Natwest Group, who wrote: “The dialogue now must resort to the simplifying levers that can be achieved to restore tax progression, support for long -term net ambitions, make the investment is irresistible and the payment of work, the capital displexes on the house, the liquidity of the house, the liquidity of the house, the liquidity of the house and the HM income and customs. ” “

But there is another key circumscription that will also be listening to: the bond market.

Andy Burnham, the mayor of Greater Manchester, last week made a launch without shame for the leadership that flew on his face when he suggested to the Daily Telegraph, the country had to leave behind the notion of “being in the corvejón to the bond markets.”

This led Burnham to be compared with Liz Truss, the former conservative prime minister, whose brief prime minister was killed by an adverse market reaction to a mini budget that proposed to reduce taxes and increase public loans. (Truss herself tweeted in response to Burnham’s suggestions, it could be Liz Truss of work that “it should be so lucky”).

In his Monday speech, Reeves seemed to face Burnham’s leadership launch direct Loans.

This part of his speech was, in particular, less aloud by delegates than the passages of spending commitments.

But it would not be a surprise that it was a rumble to repeat that warning today. Currently, the United Kingdom is paying a cousin to borrow bond markets and anything that may convince the latter that the United Kingdom represents a lower risk, would offer real financial savings.

As Haythornthwaite wrote: “A long -term bold plan can initiate growth. That would reassure debt markets, but it would also offer very necessary social benefits. A nation with robust growth is healthier, happier, better, better capable of addressing the inequalities of wealth and health.”

It sounded almost in Prime Minister in the process.

Markets would love to hear something similar from the real occupant of 10 Downing Street today.