April 24, 2023
1 min read

Sunak launches charm offensive on business leaders

Sunak has made reviving the economy one of his five key priorities, after Britain’s gross domestic product only regained its pre-pandemic size in February…reports Asian Lite News

Prime Minister Rishi Sunak will host a conference for business leaders on Monday where he will pledge to work with companies in the hope of reviving the economy and turning around his party’s fortunes before an election expected next year.

The conference called “Business Connect” is part of Sunak’s attempts to rebuild the governing Conservative Party’s relations with business, which were damaged during the economic turmoil of the premierships of Boris Johnson and Liz Truss.

Sunak has made reviving the economy one of his five key priorities, after Britain’s gross domestic product only regained its pre-pandemic size in February.

International Monetary Fund projections published this month showed Britain bottom of the world’s major economies in terms of expected growth in 2023, with a forecast that the economy will shrink by 0.3%.

Sunak, a former investment banker, along with finance minister Jeremy Hunt and business minister Kemi Badenoch will speak at a series of events on Monday to more than 200 executives representing sectors including technology and manufacturing.

On Monday, Sunak’s office said he will underline his commitment to improving the conditions for businesses to grow, recognising the government cannot achieve its economic priorities alone.

“We are bringing together some of the UK’s biggest companies and investors for meaningful dialogue – and I’m a prime minister passionate about working with business to unlock opportunity and progress,” Sunak said in a statement.

In what his office called his first ever LinkedIn Live event, business leaders will on Monday morning also have the opportunity to ask Sunak questions about business policy.

The prime minister will unveil an innovation category at the Great British Entrepreneur Awards on Monday evening, hosted by the finance minister at Downing Street.

ALSO READ-Sunak chairs COBRA meeting over Sudan

Previous Story

Inflation moderating in Asia: Morgan Stanley

Next Story

Musk’s wealth nosedives $12.6 bn

Latest from -Top News

Pakistan’s Shadow War in Balochistan

At least 50 killed by Pakistan-backed death squads in Balochistan in April, says HRCB — toll expected to rise in May….reports Asian Lite News The Human Rights Council of Balochistan (HRCB) reported

Russia, Ukraine Resume Talks

The upcoming talks follow a significant hiatus in diplomatic engagement between the two nations, which have been locked in a brutal conflict since Russia’s invasion of Ukraine in February 2022 Russia and

UN Pays Tribute to Indian Soldiers

Thursday was observed as the 77th UN Peacekeepers Day, honouring the work of 61,353 peacekeepers, of whom 5,375 hailed from India….reports Asian Lite News Brigadier Amitabh Jha and Havildar Sanjay Singh, who

Modi’s New Warfare Playbook

Modi has upended the old playbook and India and Pakistan are entering dangerous new territory where nuclear deterrence is no longer a guarantee against conventional conflict…writes Collins Chong Yew Keat The India-Pakistan

Turkey’s Jet Roars, West Watches

It is visible that Turkey is intentionally reducing reliance on U.S. and Western military imports, especially F-16s and the failed F-35 partnership, to achieve strategic independence….writes Ankit V In 2016, Ankara announced
Go toTop

Don't Miss

Fishing row: Fishermen to block ports

If the fishermen’s demands were ignored, they will turn this

E-commerce giant eBay to fire 500 employees

Jamie Iannone, CEO of eBay, announced the layoffs on Tuesday