Keir Starmer pledged to "rip up the bureaucracy that blocks investment" and "repair Britain"s brand" as the prime minister hosted some of the world"s biggest businesses on Monday at a conference designed to boost the country"s appeal. The Labour leader came to power in July after he promised to end years of political instability and win back the faith of private investors to reinvigorate the UK"s rundown infrastructure and public services. According to Reuters, the overall value of foreign direct investment inflows as a proportion of Britain"s economy hit a nine-year low of 2.7% in the second quarter of 2024 Keir Starmer will promise to slash red tape as he hosts investment summit UK politics live – latest updates Business live – latest updates