Starmer vows to rip up investment red-tape as PM woos business leaders at London summit [Video]

Sir Keir Starmer vowed on Monday to rip up investment-blocking red tape and make regulation “fit for the modern age”, as he wooed global business leaders at a glitzy summit in London.

King Charles was also enlisted in the Labour Government’s efforts to attract billions of funds for major projects in Britain, after the summit overcame a hiccup involving ports operator DP World.

Addressing the summit at the historic Guildhall in the City of London, the Prime Minister said: “It’s time to back Britain.”

He said the new Government had “turned the page” on the “Anglo-Saxon language” used by Boris Johnson, when the then foreign secretary notoriously said “f*** business” because of its hostility to Brexit.

Sir Keir said: “It’s time to upgrade the regulatory regime, make it fit for the modern age, harness every opportunity available to Britain.

“We will rip up the bureaucracy that blocks investment. We will march through the …