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Billionaire Donor Caudwell Criticizes Starmer for Stifling Growth and Climate Ambition

He urged stronger investor-friendly measures after calling Labour's winter fuel payment cuts chaotic.

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Overview

  • Caudwell said he is increasingly nervous about Starmer’s administration after witnessing ministers’ missteps and internal division.
  • He described Labour’s winter fuel payment cuts as a fiasco and warned that recent welfare reforms exposed a sense of anarchy within the party.
  • He urged ministers to bolster the UK’s appeal to inward investment, warning that missteps like proposed wealth taxes could undermine growth and drive wealthy individuals overseas.
  • He ruled out supporting Nigel Farage’s Reform UK over its climate scepticism and called on Labour to pursue bolder net zero targets and more ambitious green energy schemes.
  • Highlighting social media and AI as disasters for mental health and truth, he advocated for strengthened philanthropic and technological safeguards to protect young people.