Rachel Reeves gets a warm reception but business chiefs are wary of another tax raid

Rachel Reeves, centre, with frontbench colleagues Yvette Cooper and David Lammy at the Labour party conference in Liverpool. Photograph: Adam Vaughan/EPA

Rachel Reeves likes to pop on a bit of Beyoncé and go for a run to cope with the stresses and strains of being chancellor, she told Centrica boss, Chris O’Shea, during a CBI event at the Labour conference.

While the reception from many of the executives was warm, the intensity of the debate in Liverpool suggested Reeves should keep the trainers and tunes to hand.