Labour Shifts Stance on Financial Sector, Proposing Pro-Business Policies to Boost City of London
• Labour would not reinstate bankers' bonus cap scrapped by Conservative government • Shadow chancellor Rachel Reeves wants Labour to champion successful financial services industry • Labour proposing closer EU ties, expanding finance centers, streamlining regulation, boosting pension investment • Labour consulting financial leaders, business on proposals to demonstrate business-friendly approach • Some industry figures uncomfortable with Labour courting financial sector; Conservatives attack economic credibility