Starmer vows to cut red tape as he urges foreign investors to back UK [Video]

Prime Minister Keir Starmer on Monday told global business leaders it was “time to back Britain”, as he hosted a major summit aimed at securing much-needed funds to fuel economic growth after post-Brexit chaos.

Starmer told captains of industry that his recently elected Labour government would “rip out the bureaucracy that blocks investment” and pledged to slash red tape.

The premier — treading a tricky path to be both pro-business and also pro-worker, with a series of new workplace safeguards for employees — has placed great importance on the International Investment Summit in London.

He is hoping that the announcement of billions of pounds (dollars) of foreign investment in UK projects will overshadow its chaotic build-up.

Starmer won a thumping majority in July’s election but has seen his government’s popularity plummet following a series of missteps, with a recent YouGov poll showing only 18 percent of the public approved of …