The launch of a consultation on business incentives to invest appears to have two aims. The first is to furnish the Party with new policy ideas. But the second, and arguably more important at this stage, is to show that it wants to work more closely with businesses.

The election of Jeremy Corbyn as leader has meant that many have questioned how seriously Labour now takes business and the private sector. Corbyn's appointment of John McDonnell as Shadow Chancellor was one of his more controversial early moves, and there have been numerous stories on opportunities to talk to business audiences that have been declined.

So the work of Seema Malhotra, as Shadow Chief Secretary, is critical to reassuring business and to rebuilding some bridges.  

There is space for the Party here as well. The Conservative Government is not universally popular amongst businesses, large or small.  Several of their policies have gone down spectacularly badly, such as the 'apprenticeship tax'.  So there is an opportunity for Labour but they have ground to make up.