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

Hurricane Melissa leaves Caribbean in chaos

Hurricane Melissa leaves a trail of destruction across the Caribbean, claiming lives, wiping out homes, crippling infrastructure and triggering urgent global relief efforts amid rising humanitarian needs…reports Asian Lite News The Caribbean

Sharjah sets sail for London

At World Travel Market (WTM) London 2025, Sharjah is set to highlight both its deep-rooted cultural identity and forward-looking tourism strategy, demonstrating the emirate’s growing influence in global travel and destination marketing…reports

DP World to pump $5bn into India

DP World’s $5bn pledge strengthens India’s maritime future, powering green shipping, ship-repair capacity, talent growth and next-gen freight tech while deepening the nation’s global trade role…reports Asian Lite News DP World has

UAE mega-aid ship docks in Egypt

The shipment, one of the largest single consignments dispatched as part of the UAE’s air and sea bridge, includes essential food items…reports Asian Lite News A UAE humanitarian vessel carrying more than

Arab bloc hails UAE’s efforts in Gaza

Arab Parliament lauds UAE’s major aid efforts in Gaza and urges unified global backing for reconstruction, Palestinian statehood and a lasting peace grounded in the Two-State framework…reports Asian Lite News The Speaker
Go toTop

Don't Miss

UK, Taiwan advance ties in hydrogen and fuel cell tech

“Low carbon hydrogen has a critical role to play in

Banking fears spread across global markets

Shares of embattled Swiss lender Credit Suisse were down by