Let’s be honest… feel-good campaigns are ruining Britain October 17, 2024 Every government promises to cut red tape but ends up adding more. The only way to break the cycle is to stop listening to nice sounding arguments, says Matthew Lesh Google’s CEO Eric Schmidt did not mince words at this week’s International Investment Summit. “Maybe you need a minister of anti-regulation?” Schmidt said to Prime [...]
When it comes to national insurance, the government is pulling a fast one October 16, 2024 One of the many problems the government has got itself into over tax rises that may or may not appear in the upcoming Budget is an oversimplification of where the cost of a certain tax falls. Ministers and their supporters talk about Capital Gains Tax as if it only lands on rich people selling off [...]
Starmer hands councils millions for housebuilding on brownfield sites October 15, 2024 The Government has committed £68m to unlocking brownfield sites in 54 local authorities as it looks to deliver on its election promise of 1.5 million homes by 2029. Around a sixth of councils will receive money to turn neglected land into new homes, which the government have said will “transform local communities and help families [...]
Labour must iron out the kinks in its industrial strategy October 15, 2024 Labour's draft industrial strategy is a good start, but there are a few tensions that need to be resolved, Chris Dorrell writes
Starmer did well with the CEOs, but he can’t ignore the start-up founders October 15, 2024 It rained pretty much all day in the City of London yesterday, but this didn’t stop Keir Starmer basking in the warm glow of success. Despite complaints about a chaotic organising process in recent weeks, and a bit of real-time grumbling on the day itself, the Prime Minister’s investment summit was a triumph. A tightly [...]
Entrepreneurs ‘can’t be in doubt’ about our growth pledge, Reynolds argues October 15, 2024 Entrepreneurs who signed an open letter warning about the impact of hiking capital gains tax “can’t be in any doubt” about Labour’s commitment to economic growth, Jonathan Reynolds told City AM. The business and trade secretary was responding to a letter signed by a group of 500 British entrepreneurs, including the founders of Signal AI, [...]
The UK is an economic powerhouse – and we should know October 14, 2024 Brits should be less British about boasting about the strengths of our economy and our enduring spirit of entrepreneurialism, creativity and innovation, says Saker Nusseibeh It is a common characteristic of our national discourse to err towards the negative. An inclination to see, but not celebrate, what this country already does so well. Perhaps it [...]
If growth is the challenge then investment is the solution October 14, 2024 The UK needs to drastically improve its ‘fundamentals’ in housing, energy, transport and digital infrastructure in order to attract private investment, and today's summit is the right place to start, says Dan Tomlinson MP
Elon Musk snub from UK investment summit defended by government October 14, 2024 Technology secretary Peter Kyle has suggested that Elon Musk was not invited to the government’s international investment summit due to his tendency to avoid such events. Previous reports suggested Musk, the owner of X and Tesla, was omitted from the guest list following controversial social media comments he made regarding Britain’s summer riots, where he [...]
Scale-ups: How to turn big ideas into big business October 14, 2024 The UK is a global leader in start-ups, but too many are running up against a brick wall when they seek the support, skills and the finance they need to scale up, says Rain Newton Smith With the government’s UK Investment Summit today, the big question for many is how we can actually make that [...]