PM and Chancellor to meet top executives as Government continues to seek growth
PM and Chancellor to meet top executives as Government continues to seek growth
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Sir Keir Starmer and Rachel Reeves will meet top executives from some of Britain’s major businesses on Tuesday as they continue their quest for economic growth. The meeting will see the Prime Minister and Chancellor seek to persuade bosses from businesses including Tesco, BT, Unilever and Lloyds Bank that they are committed to helping the private sector thrive as they attempt to attract more investment to the UK.
It will also see the announcement of further changes to pension rules designed to increase the amount of money available for investment in the UK. Ahead of the meeting, Sir Keir Said: “To achieve the change our country needs requires nothing short of rewiring the economy.
“It needs creative reform, the removal of hurdles and unrelenting focus. Whether it’s how public services are run, regulation or pension rules, my Government will not accept the status quo.”. Ms Reeves said business and Government were “united on growth being the top priority”, adding that she was “fighting every day to tear down the biggest barriers to growth, taking on regulators, planning processes and opposition to this urgent mission”.
Tuesday’s meeting follows a difficult period for the Government, which has seen stuttering growth figures and rising borrowing costs threaten its plans for improving public services. At the same time, businesses have expressed increasing pessimism about their prospects for the coming year, including in light of the Budget that increased employers’ national insurance contributions – an outlook both Sir Keir and Ms Reeves will be keen to address with business leaders.
