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'Culture shift' needed in how UK does business, PM urges
The prime minister said government should back risk-taking firms and give local leaders more power as borrowing costs and energy prices weigh on investment.
- On Monday evening, Andy Burnham hosts a private engagement at Downing Street with chief executives from Shell and HSBC, urging a "culture shift" to back risk-takers and empower local leaders.
- This meeting occurs during a period of rising government borrowing costs, with the yield for 10-year bonds in Britain currently higher than in peers like France and Japan, complicating state-led investment plans.
- Conservative Shadow Business Secretary Julia Lopez criticized the government, stating that "Labour's jobs tax and employer red tape have been devastating for businesses," which she claimed weakened investment and the jobs market.
- Pledging to serve as "a partner for growth," Burnham aims to give entrepreneurs "the confidence that if they have a great idea" they will receive government support.
- While Official data showed a surprise economic boost in July driven by artificial intelligence investment, experts warn growth may slow due to high energy prices fueled by the US-Israel war with Iran.
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Burnham to call for 'culture shift' as he meets UK business chiefs
Andy Burnham will call for a “culture shift” in how Britain does business as he meets top bosses from the likes of Aviva, Rolls Royce and Revolut UK on Monday. The Prime Minister is set to pitch the government as a partner for growth to executives at a reception at Downing Street today. Burnham is [...]
·London, United Kingdom
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The IndependentReposted by 
The Independent (US)
The Independent (US)Burnham to urge ‘culture shift’ to unlock UK’s business potential
The PM says he wants to make it easier to start and grow a business
·London, United Kingdom
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Burnham says risk-takers should be backed by government, but his administration faces criticism over rising business costs.
Coverage Details
Total News Sources7
Leaning Left2Leaning Right0Center3Last UpdatedBias Distribution60% Center
Bias Distribution
- 60% of the sources are Center
60% Center
L 40%
C 60%
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