Key Takeaways:
- Prime Minister Rishi Sunak inaugurates a new Business Council to fuel economic growth.
- The Council comprises Chief Executives from fourteen leading businesses from strategically important industry sectors.
- The initiative aims to make the UK a preferred hub for business and investment.
- The Council will provide a business perspective on the economic landscape to help in creating skilled jobs, bolstering investment, and enhancing innovation.
New Business Council Introduced by UK Prime Minister to Drive Economic Growth
UK Prime Minister Rishi Sunak has unveiled a new Business Council aimed at bolstering economic growth and positioning the UK as a leading hub for business. The Council’s mandate includes fostering innovation, encouraging investment, and cultivating the talent market to drive sustainable and stable growth.
Executives from fourteen leading businesses across strategically critical industry sectors have been invited to join the Council. These include AstraZeneca, Aviva, BAE Systems, Barclays, Diageo, Google Deepmind, GSK, NatWest Group, Sainsbury’s, Sage, Shell, SSE, Taylor Wimpey, and Vodafone.
“The more businesses innovate and invest, the more we grow and create good jobs right across the country. I look forward to hearing first-hand from business leaders about how we can break down the barriers they face and unlock new opportunities for them to thrive,” said Sunak.
Government and Industry Collaboration for Economic Prosperity
The Business Council will provide insights into the current economic landscape’s impact from a business perspective. This will help devise strategies for government and industry collaboration on creating skilled jobs, bolstering investment, and boosting innovation.
Steven Mooney, CEO of FundMyPitch, applauded the government’s revised approach to economic growth. He pointed out the need for more support for businesses that foster innovation and attract overseas investment, promoting job creation and further growth opportunities. He stressed the importance of such support in helping businesses flourish and boost the economy as the nation recovers.
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