Billionaire Labour backer John Caudwell ‘nervous’ about Starmer

<p>Exclusive: Phones 4u founder, who switched from the Tories, says wealth tax would be very destructive to growth</p><p>Labour’s most high-profile billionaire backer, who switched allegiance from the Conservatives, has said he is “increasingly nervous” about the government’s direction and is in “despair of politicians”.</p><p>John Caudwell, the Phones 4u founder, said Labour’s winter fuel payments cut was a “fiasco” and ministers were not doing nearly enough to attract investment into the UK.</p> <a href="https://www.theguardian.com/politics/2025/jul/07/billionaire-labour-backer-john-caudwell-nervous-about-starmer">Continue reading...</a>