Skip to content
City PM
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Opinion
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Opinion
Sunday 18 June 2023 9:28 am

Labour ditches CBI boycott and meets new DG Rain Newton Smith

By: City PM Reporter

Add as a preferred source on Google
CBI chief executive called on Labour to rip up its manifesto promist
CBI chief executive called on Labour to rip up its manifesto promist

Labour has ended its boycott of the crisis-hit Confederation of British Industry (CBI) to discuss changes the lobby group is making in the wake of a sexual misconduct scandal.

Shadow business secretary Jonathan Reynolds met with new director general Rain Newton-Smith this week.

Both Labour and the Conservatives previously cut ties with the confederation – which claims to represent about 190,000 businesses – after a string of harassment allegations in March.

Since then, dozens of women have come forward claiming to have experienced misconduct while working at the CBI, including two who said they were raped.

Ms Newton-Smith has told MPs she is confident the business group can recover from its recent crisis with a turnaround plan after it survived a key confidence vote by members over its future.

But it later emerged that just 371 votes votes had been cast for its plans, intended to help it regain its position as a lobbying powerhouse – indicating that fewer than a third of members took part in the vote.

Labour’s meeting, first reported by the Financial Times, is an early sign relations could be starting to thaw with the business group.

A party source said: “Jonathan and Rain met to discuss the changes the CBI are making. Labour have resumed staff level contact as per the Government and will continue to review political engagement as the CBI work to restore the confidence of their members.”

Press Association

Read more

‘Tipping point’: CBI boss slams £345bn business tax burden amid ‘cost of doing business’ crisis

Rain Newton-Smith addressing audience at a business conference, wearing a professional suit and speaking at a podium.

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • News

Categories

  • Business

Trending Articles

  • Burnham tax plans spark investor rush to bank capital gains

  • Brewdog chief executive quits after only one year

  • Nothing fails to file accounts months after dissolution threat

  • UK ‘no longer a serious place’ says Hedge fund boss after losing £200m tax battle

  • Cruyff turn: Starmer allows pubs to stay open for England World Cup game

More from City PM

  • ‘Tipping point’: CBI boss slams £345bn business tax burden amid ‘cost of doing business’ crisis

    Economics
    Rain Newton-Smith addressing audience at a business conference, wearing a professional suit and speaking at a podium.
  • CBI: 200,000 more Brits to face unemployment this year as growth crumbles

    Economics
    People waiting outside a job centre, highlighting unemployment issues and job search challenges in the current economy.
  • Brexit 10 years on: Business does not want a referendum rerun, says CBI chief

    Business
    CBI Chief Economist Newton-Smith addressing economic trends at a business conference podium with charts in the background
  • Burnham vows to cut the price of a pint as he turns on Labour tax rises

    Hospitality
    Pints of Guinness on a bar counter in UK pub, highlighting traditional British pub culture and popular beer choice
  • As it happened: FTSE 100 and Wall Street hit by stock sell-off; CBI cuts UK GDP

    Markets
    Keanu Reeves at a press conference with journalists, wearing a tailored suit and engaging with the media in a professional...
  • Fractured politics has its upsides – trust me, I led Vote Leave

    Opinion
  • In 23 months Labour has dragged the UK economy to its knees

    Economics
    Keir Starmer
  • Game, Set, Match: How brands can serve up lasting value at Queen’s

    Sport Business
    Breaking news concept with digital globe, network lines, and binary code representing global communication and data flow

City PM — European politics, business and analysis.

Europe

  • Germany
  • France
  • Europe
  • UK & Ireland

Topics

  • Business
  • Markets
  • AI
  • Technology
  • Opinion
  • Energy

More

  • Politics
  • Economics
  • Fintech
  • Legal
  • Sport
  • Life

Company

  • About City PM
  • Editorial Policy
  • Corrections
  • Contact
  • Terms of Use
  • Privacy Policy
  • Cookie Policy
© 2026 City PM · Published by CityPM Media, Bahnhofstrasse 65, 8001 Zürich, Switzerland
About · Editorial Policy · Corrections · Contact · Privacy