UK's Sunak launches charm offensive on business leaders

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British 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.

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%. 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.

 

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