More than 100 business leaders have thrown their support behind Britain's opposition Labor Party ahead of the July 4 election, saying the UK needs to end the instability and stagnation that has weighed on the economy.
Prime Minister Rishi Sunak's ruling Conservatives have traditionally been a party associated with big business, but Labor finance chief Rachel Reeves has spent years trying to convince business owners that her party can be trusted to lead the economy.
The letter, signed by current and former retail, advertising, travel and finance chief executives, said Labor had shown it had changed and should be given a chance to shape the country's future.
"We, as leaders and investors in British business, believe it is time for change," the letter said.
The Labor Party under its new leader Kier Starmer has had an advantage of about 20 percent over the Conservative Party in polls for almost a year.
Labor hopes that this support from businessmen will show that it is no longer the party of Starmer's predecessor, the leftist Jeremy Corbyn, who campaigned before the previous election in 2019 with a program of renationalizing and increasing taxes on the rich.
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