Keir Starmer will promise to slash red tape as he hosts investment summit

The prime minister is looking to woo foreign capital as part of the government’s push to get the economy growing again. Photograph: Kirsty Wigglesworth/AP

Keir Starmer will promise to slash red tape and “rip out the bureaucracy that blocks investment” as he hosts hundreds of global business executives for a major summit in central London.

After a troubled run-up to the event, including a bruising row with the Dubai-based owner of P&O Ferries, the prime minister will urge the world’s largest businesses to invest in the UK, promising them stable policy and low regulation as an incentive to do so.