Keir Starmer kicked off a glitzy UK investment summit today telling businesses it is a 'great moment to invest in Britain'.
Businesses have been warning that hiking their element of national insurance and levies on capital gains would be a 'tax on jobs'. Sir Keir also received a stern message from former Google chief Eric Schmidt duting an 'in conversation' event on stage. The tech guru said the UK was too full of people who were saying 'no' and the 'delay is killing you'
Sir Keir is hosting leading investors and CEOs at the inaugural International Investment Summit, where ministers hope to unveil deals worth billions for AI, life sciences and infrastructure. 'I'd much rather – and I think the business community would much rather – have a single person who can say yes or no … and then they can move on.
He added that 'we are setting up some of the structures that will do this' and repeated that the Government's central question would always be: 'Does this promote growth or does it not promote growth?' 'Elon Musk has never come to any of the past investment summits that have been held under the previous government, he doesn't tend to do these sort of events, but I stand absolutely ready to engage with him, to talk about any potential global investments he's making – I'm not aware of any at this moment in time.
'Where it is stopping us building the homes, the data centres, warehouses, grid connectors, roads, trainlines, you name it then mark my words – we will get rid of it.Cabinet minister Pat McFadden and Northern Ireland First Minister Michelle O'Neill today'We will rip out the bureaucracy that blocks investment and we will make sure that every regulator in this country take growth as seriously as this room does.
The boss of Lloyds banking group warned Labour not to impose pain on pensions and investments in the Budget. That was the lowest level since the second quarter of 2021 when Britain was still mired in Covid restrictions. Jane Gratton, deputy director of public policy at the BCC, said: 'There's considerable uncertainty for business right now.
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