Rachel Reeves is urged to fix Labour’s ‘faultlines’ with business as Chancellor heads to the World Economic Forum in Davos [Video]

19:00 EST 20 Jan 2025, updated 19:34 EST 20 Jan 2025

Rachel Reeves will jet into Davos tomorrow to try to revive her stuttering growth ambitions amid claims that a ‘faultline’ has opened up between Labour and business.

The Chancellor arrives at the annual meeting of business and political leaders buoyed by new figures showing Britain has overtaken struggling Germany and China as a top investment destination.

But Marco Amitrano, the UK boss of PwC, the accountancy giant which organised the poll, said there was ‘no room for complacency’.

Mr Amitrano told the Mail that early ‘over optimism’ about a new government had been followed by ‘a bit more doom and gloom and questions about whether the pathway to growth is really going to be there’.

‘What we now need is a level of consistency – no more big shocks, no more big surprises from the government – to find the confidence that comes with a solid pathway to growth,’ he …