Britain Goes for Growth
The focus is on stability, industrial strategy, and improving Britain’s global standing
Britain Goes for Growth
After more than 100 days in power since its landslide election, we are now starting to get a better sense of the economic philosophy of the new Labour government in Britain. As the G7 nation takes its next steps in charting a new path forward in the post-Brexit era, this week, the new U.K. prime minister made his investment pitch to international investors. At a major conference in London’s Guild Hall which included business leaders from the world's biggest companies, the Prime Minister, Sir Keir Starmer, prioritised growth and focused on four crucial areas; stability, industrial strategy, improving Britain’s global standing, and reforming regulation so that it does not inhibit investment. It was a reassuring message for those in the business community who may have feared that a left-wing government in Britain would not focus on nurturing a pro-growth economy. Here’s an extract of one of his key economic messages at the conference:
“To put it more simply…It’s not just that stability leads to growth – though we all recognise that. It’s also that growth leads to stability…Growth leads to country that is better equipped to come together…And get its future back. That’s why it’s always been so critical to my political project….Private sector investment is the way we rebuild our country…And pay our way in the world.” - P.M. Sir Keir Starmer.