Dozens of business leaders have signed a letter endorsing the Labour Party’s economic plans ahead of the 4 July general election, stating it is “time for a change”.

Published in Tuesday's Times newspaper, 121 founders, chief executives, and former leaders from financial services, retail, and manufacturing sectors expressed support for Labour’s commitment to work with businesses for long-term growth.

Shadow Chancellor Rachel Reeves will deliver her first major campaign speech to business supporters in the East Midlands, promising the most 'pro-growth Treasury in our country’s history'.

Notable signatories include TV chef Tom Kerridge, former Heathrow CEO John Holland-Kaye, JD Sports chairman Andrew Higginson, and Wikipedia founder Jimmy Wales.

While fewer large FTSE 100 company chiefs signed the letter, Labour hopes this endorsement will solidify its credibility.

Some top retailers express concerns toward Labour’s plan, and Conservative business figures criticize the shift.

The Lib Dems and other parties emphasize business stability and economic reform in response to the endorsement.