Private equity bosses from firms such as Blackstone have met with Labour leaders to discuss UK investment, as the party confirms a £440m tax plan for the industry.
Sir Keir Starmer and shadow chancellor Rachel Reeves have held a series of meetings with senior executives from firms including Blackstone, Brookfield Asset Management and Advent International, according to the FT. Discussions have focused on the role that private capital plays in boosting the economy.
However, the Labour Party has also confirmed it plans to end a loophole used by private equity fund managers to reduced carried interest on their share of the profit.
