The shadow chancellor will announce a British infrastructure council with some of Britain’s biggest companies as she seeks to make Labour the party of business.
Rachel Reeves will host the first meeting of the business council with five leading companies — Lloyds, Santander, HSBC, Fidelity and Phoenix.
The council was due to be announced at the Labour Party conference but was delayed after senior Tories became aware of the plans and intervened.
Reeves is establishing the council on a shadow basis before making it an “advisory council to the chancellor” if Labour wins the next election. The council will be tasked with “unleashing the lifeblood of investment through the industrial arteries of this country”.
A Labour spokesman said: “Labour are in discussions with a number