Former Google boss Eric Schmidt admitted he was “shocked” a Labour Government is “in favour of growth”.
The tech tycoon, sitting next to the Prime Minister, backed plans to slash red tape, adding: “the cost of capital and delay is killing you”.
But in an apparent sign of unease among business leaders over a Labour government, Mr Schmidt told the Prime Minister: “I was shocked when Labour said it was in favour of growth”.
Some employers fear tax hikes in the upcoming Budget may hit plans to hire more staff and grow their businesses.
And Mr Schmidt warned Sir Keir he will fail to meet his 2030 energy goal unless he fixes the “delay” involved in regulation in the UK which is “killing you”.
He told the Prime Minister in a Q&A at the investment summit: “Democracies, especially something as old as this one, have so many ways in which …