Prime Minister invites world’s top business leaders to Downing Street dinner

  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
·3 min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
Britain's Prime Minister Boris Johnson gestures outside Number 10 Downing Street
Britain's Prime Minister Boris Johnson gestures outside Number 10 Downing Street

Boris Johnson is to host an intimate dinner with some of the world’s most powerful executives including Bill Gates and JP Morgan boss Jamie Dimon, as he seeks to establish “Global Britain” on the world economic stage.

The Prime Minister has invited 20 business leaders to Downing Street on Monday evening, the Telegraph can disclose, where they will be joined by Liz Truss, Foreign Secretary, with catering provided by three-star Michelin chef Clare Smyth.

The dinner comes as Mr Johnson seeks to burnish the country’s post-Brexit economic credentials as the UK economy is racked by spiralling inflation, supply-chain chaos, and employment shortages.

Rishi Sunak will host a separate gala dinner in the City alongside William Russell, the Lord Mayor of London, for other leading business figures.

Those among the elite attending Mr Johnson’s dinner in Downing Street also include Stephen Schwarzman, the co-founder of private equity firm Blackstone; Barclays chief Jes Staley; Santander chairman Ana Botin, and Larry Fink, head of investment giant BlackRock.

BT boss Philip Jansen and Goldman Sachs boss David Solomon are also understood to be on a list of attendees as are the Microsoft founder Mr Gates and JP Morgan's Mr Dimon.

The dinner is a curtain-raiser ahead of a summit on Tuesday attended by more than 200 top financiers designed to woo investment in Britain and fend off the advances of countries on the European Continent.

Downing Street is understood to be keen to mount a strong response after Emmanuel Macron’s own bid to woo international business.

The French President sought to capitalise on the UK’s strict border controls in June by inviting an elite group of global banking heads to a “Choose France” event at the Palace of Versailles. Meanwhile, Italy’s ministry of industry this week launched an initiative to attract foreign investment.

Tuesday’s Global Investment Summit will include a conference and lunch in central London before officials are whisked off to Windsor Castle by bus with a motorcade escort.

The Queen, The Prince of Wales, The Duke of Cambridge, The Duke and Duchess of Gloucester and Prince Michael of Kent will host a reception to mark the Global Investment Summit.

Attendees will be served drinks and canapes in St George’s Hall – the part of Her Majesty’s home that is used to host banquets for heads of state. It is thought that this will be the first time that some of Wall Street’s best-known investment bankers have met the British monarch.

Wall Street bankers will be treated to a tour of Windsor Castle - Jayhopephotography / Alamy Stock Photo
Wall Street bankers will be treated to a tour of Windsor Castle - Jayhopephotography / Alamy Stock Photo

It will also be the first time Mr Solomon has visited London since the pandemic erupted early last year.

The bank’s third quarter results smashed analyst estimates on Friday, revealing that profits at its investment arm surged almost 90pc over the period thanks to a deal boom across Wall Street while its trading division unveiled an unexpected 23pc boost. Its profits surged 66pc to $5.38bn.

A source close to one of the attendees of Mr Johnson’s Monday night dinner said: “This is the UK saying that they are open for business.

“The bottom line is that the Government has no money to spend, needs to create employment, and generate tax revenues.”

The investment jamboree comes just weeks before global leaders meet for the UN Cop26 climate summit in Glasgow.

A number of deals are expected to be announced at the investor summit with an emphasis on backing green technologies - including the UK’s development of electric vehicle battery production.

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting