There is a danger that Labour will suffer the Macron effect when the budget is unveiled at the end of the month. Emmanuel Macron, who was first elected president of France in 2017, put business investment and building a culture of entrepreneurialism at the top of his to-do list – only to be condemned later as a friend of the rich.
Rachel Reeves speaks a similar language when she says economic growth is her priority and that business people should be offered more support than even the Tories were prepared to countenance.
