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Speaker 1: Shadow answer Rachel Read, thanks so much for joining me.

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Speaker 2: The Curry CEO says that you've had breakfast with everyone

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Speaker 2: in London who wears a tie.

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Speaker 1: What are you telling them?

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Speaker 3: Well, look, it is true that in the two and

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Speaker 3: a half years that i've been Shadow Chancellor of the Exchequer,

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Speaker 3: I have reached out to business and I think you

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Speaker 3: can see that in the speech that I delivered today,

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Speaker 3: where I set out that the lifeblood of any successful

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Speaker 3: economy is private business investment. And the plans that I

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Speaker 3: set out, whether that is a form of the planning system,

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Speaker 3: the stability that we need to underpin and provide the

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Speaker 3: foundation of a successful economy, are all ideas that have

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Speaker 3: been generated in conjunction with business, because we do need

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Speaker 3: to get Britain building, and that means giving business the

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Speaker 3: confidence to invest, but also giving them a reason to

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Speaker 3: invest here in Britain. And that's why I hope I

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Speaker 3: did it conference today.

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Speaker 1: Well, lots of them are non dombed.

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Speaker 2: And if you abolish the non dom regime but it

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Speaker 2: doesn't raise as much money as you expect, are you

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Speaker 2: still going to.

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Speaker 1: Stick by it on ideological grounds.

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Speaker 3: We've got a loophole in our tax system whereby you

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Speaker 3: can live in Britain and Major Britain your home, but

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Speaker 3: because your father was born somewhere else, you can pay

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Speaker 3: tax in a different jurisdiction. That's outdated and it's not

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Speaker 3: right and Labor will abolish it and we will use

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Speaker 3: that money to put into our National Health Service and

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Speaker 3: for breakfast clubs at all primary schools. But we've worked

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Speaker 3: closely with businesses and investors to make sure that we

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Speaker 3: do not deter foreign investment. We're determined to get that

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Speaker 3: investment here in Britain, but that tax loophole will end

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Speaker 3: with a Labor government.

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Speaker 2: And you're a former Bank of England economist, you know

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Speaker 2: the law of unintended consequences. If the money isn't raised

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Speaker 2: as you expect, would you revive the measure under a

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Speaker 2: different name.

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Speaker 3: Well, if you look at what Gordon brwanded with George

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Speaker 3: Osborne's reforms for non doms, a lot of people said

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Speaker 3: it won't raise the money, people will go and live elsewhere.

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Speaker 3: That didn't happen. And what did happen was a tax

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Speaker 3: revenew came in and we've got public services in Britain

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Speaker 3: today that are on their knees. We've got seven point

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Speaker 3: seven million people on hospital waiting this. We can't go

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Speaker 3: on like this, and that's why we are taking this

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Speaker 3: straightforward measure, bringing us into line with countries around the

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Speaker 3: world that don't have these loopholes, and ensuring that if

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Speaker 3: you make Britain your home, you pay your taxes here

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Speaker 3: and putting that money where it belongs in our national

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Speaker 3: health service.

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Speaker 2: Well, a lot of our viewers are actually rich foreigners

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Speaker 2: living in London.

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Speaker 1: What do you say to those who feel you're driving

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Speaker 1: them away?

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Speaker 3: Well, I just would disagree with that. Labor committed to

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Speaker 3: provide the stability and the certainty to give business is

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Speaker 3: the task to invest. I go all around the world

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Speaker 3: and businesses say to me, we've got the money to invest,

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Speaker 3: we want to invest. But either they're choosing to invest

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Speaker 3: elsewhere because governments around the world are more supportive and

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Speaker 3: want to work businesses in unlocking that investment, or they're

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Speaker 3: just not investing at all. And investment has fallen under

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Speaker 3: this conservative government and as a result, we've got weaker

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Speaker 3: economic growth, poorer productivity and therefore poorer living standards for

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Speaker 3: working people.

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Speaker 2: So you promise you'll be cautious about borrowing to invest

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Speaker 2: but we've got debt at ninety nine percent of GDP

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Speaker 2: already yields a high. The reality is we just don't

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Speaker 2: know how the market's going to react to borrowing even more.

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Speaker 3: Deal Well, I set out the fiscal rules that I

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Speaker 3: would stick to with iron discipline, and I got support

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Speaker 3: from Conference again in setting out those rules where won't

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Speaker 3: borrow to fund day to day spending. We'll bring debt

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Speaker 3: down as the share of our economy, and then only

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Speaker 3: subject to that we will invest in the things that

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Speaker 3: can boost our productivity, working in conjunction with business to

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Speaker 3: unlock further private sector investment. So today, for example, I

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Speaker 3: set out how a new National Wealth Fund will be targeted.

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Speaker 3: For every pound that we invest that it unlocks three

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Speaker 3: pounds of private sect investment. That is partnership between government

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Speaker 3: and business in action. You're seeing it around the world.

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Speaker 3: It is unlocking investment around the world. I want those jobs.

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Speaker 3: I want that investment in Britain, and with labor we will.

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Speaker 2: And Sharon Chancellor, none of your colleagues will tell me

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Speaker 2: how fast after the general election you plan to have

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Speaker 2: the fastest growth in the G seven.

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Speaker 1: Isn't that a meaningless mission without a time frame.

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Speaker 3: In the next parliament, we want to achieve that mission

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Speaker 3: of having the highest sustained growth in the G seven,

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Speaker 3: with good jobs and productivity in all parts of the country,

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Speaker 3: making everyone, not just a few better off. And today

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Speaker 3: at conference and tomorrow in Keir Starmer's speech, we will

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Speaker 3: set out we have set out today exactly how we're

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Speaker 3: going to achieve that