'Culture shift' needed in how UK does business, PM urges
Prime Minister Andy Burnham is calling for a 'culture shift' in the UK business environment to foster growth and investment. He plans to meet with top CEOs to discuss government-business partnerships and strategies to overcome economic challenges like rising energy costs.
Why it matters
This meeting signals a potential pivot in the UK government's economic strategy, aiming to balance business support with the fiscal pressures of inflation and global energy price volatility.
Image source, Getty Images By Mitchell Labiak Business reporter Published 7 minutes ago The UK needs a "culture shift" in how it does business, Andy Burnham has said ahead of a meeting with some of the UK's biggest bosses.
The prime minister said those who take risks in business should be backed by government and local leaders should have the power to work with businesses.
The current Labour government has been criticised for increasing costs for businesses, such as with the employer national insurance and minimum wage changes under Burnham's predecessor Sir Keir Starmer.
Downing Street said Burnham will meet with the chief executives of BP, Shell, HSBC, Morrisons, Sainsbury's, BT, Vodafone, Rolls-Royce, and several others at Number 10.
Ahead of the meeting, Burnham said he would give people "the confidence that if they have a great idea, they'll get all the support they need to bring it to life".
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