Skip to content
City PM
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Opinion
  • DE
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Opinion
  • DE
Wednesday 02 October 2024 5:08 pm

Tories must get out of their bubble and listen to business

By: Alys Denby

Add as a preferred source on Google
BIRMINGHAM, ENGLAND - OCTOBER 2: (L-R) Conservative leadership contenders Kemi Badenoch, Robert Jenrick, James Cleverly and Tom Tugendhat acknowledge the audience after they delivered individual speeches on the final day of Conservative party conference at Birmingham ICC Arena on October 2, 2024 in Birmingham, England. All four leadership candidates give speeches to Conference today in a bid to win over the party members ready for the final vote. This year's Conservative Conference follows their loss of power at the July General Election seeing the party in opposition for the first time in fourteen years. The party is amid a leadership contest and Rishi Sunak will step down once a successor has been elected. (Photo by Dan Kitwood/Getty Images)

To those outside the bubble of true blue believers, Conservative party conference looked deranged. As violence exploded in the Middle East, delegates in Birmingham were battling over novelty merchandise and queuing for selfies with election losers. Fringe events debating the meaning of conservatism were packed while corporate sponsors and business lobbyists were conspicuous by their absence. This was a party very much talking to itself.

On the one hand, this is a conversation that must be had for Conservatives to understand why voters rejected them and how they can rebuild. It’s reassuring that so much policy discussion was focused on housing and winning back working-age voters. On the other, their early actions – in particular, the reflexive opposition to Labour’s sensible reforms to winter fuel payments – suggest they will learn all the wrong lessons. 

The supposed party of business should be particularly worried about how few businesses bothered to turn up to their conference. Any discussion about the future of the country must include voices from the City and wealth creators across the country. Unless Conservatives listen to entrepreneurs and risk-takers they’ll never work out why they failed to deliver growth. And without growth, no politician can hope to improve our public services nor fulfil their fundamental duty to keep us safe in a darkening world.

The bubble may be cosy, but it can also distort the view of the world outside

And there is a real opportunity for the Tories here. Because while businesses were present at Labour’s conference – to quote a leader who did so much damage to that party’s reputation – they were not involved. Having hiked the cost of a ticket to their business day to £3,000, the government disappointed attendees with limp sandwiches, tedious lectures and limited access to ministers. Rachel Reeves may have worked hard to reassure the City ahead of the election, but it’s becoming increasingly clear this was mere lip-service. As Eliot Wilson has written in these pages, Labour’s relationship with business is a marriage of convenience, not a love match.

The next Conservative leader can woo the country back by recognising that governments don’t create growth, businesses do – and they deserve a say in Britain’s future. The bubble may be cosy, but it can also distort the view of the world outside.

Read more

Brits say Burnham should call an election

Number 10 Downing Street entrance with iconic black door, symbolizing British political power and leadership

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • Opinion

Categories

  • Opinion

People & Organisations

  • Conservative Party Conference
  • Conservatives
  • Kemi Badenoch
  • Robert Jenrick
  • Tom Tugendhat
  • Tories

Related Topics

  • Conservative leadership race
  • Conservative Party
  • Conservative party conference

Trending Articles

  • Exclusive: Big Four giant KPMG to cut more jobs

  • Music tycoon Simon Cowell sued by prominent City lawyer

  • The former African gold miner taking on the billionaire Issa brothers

  • Tesco ‘in talks’ to exit eastern Europe

  • Easyjet agrees to £5.7bn Apollo takeover

More from City PM

  • Brits say Burnham should call an election

    Politics
    Number 10 Downing Street entrance with iconic black door, symbolizing British political power and leadership
  • What should we make of Makerfield?

    Opinion
    Burnham smiling broadly at a community event, surrounded by enthusiastic supporters, conveying a sense of positivity and u...
  • Replace Reeves if Starmer goes, voters tell Labour

    Politics
    Keanu Reeves in a thoughtful pose, wearing a formal suit, looking contemplative during a business meeting or press event.
  • Electoral reform could destroy the Labour party

    Opinion
    Polling station exterior with voters lining up for local election in a community setting with clear signage and ballot box...
  • Andy Burnham: being all things to all men will end up letting everyone down

    Opinion
    Andy Burnham speaking at a Labour Party event, addressing current political issues, with a focused and determined expression.
  • Is Zack Polanski’s honeymoon over? 

    Politics
    Zack Polanski speaking at a podium during a press conference, wearing a suit, with a cityscape backdrop and attentive audi...
  • Voters expect Burnham to hike taxes

    Politics
    Andy Burnham discussing capital gains tax increase during a press conference, highlighting potential economic impacts
  • The next Prime Minister can change the conversation on the fiscal rules

    Opinion
    Treasury Department building with government bonds signage, representing financial management and bond issuance responsibi...

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 · Facebook