The prime minister will promise to scrap regulation that “needlessly holds back investment” in the UK when he hosts a major summit in London.
Sir Keir Starmer will tell business leaders he wants to “rip out” bureaucracy, and will ask the UK’s competition watchdog to prioritise growth.
Ahead of the international investment summit, some of the world’s biggest companies wrote to the Times saying greater stability had increased the UK’s attractiveness.
However, the government is facing a balancing act ahead of the Budget in two weeks’ time having already signalled that some taxes will rise.On Sunday, Business Secretary Jonathan Reynolds did not rule out an increase in the rate of National Insurance paid by employers.
Labour pledged in its manifesto not to raise National Insurance. But Reynolds told Sky News: “That pledge – it was taxes on working people so it was specifically in the manifesto, a reference to employees and to income tax.”
Musk row
Earlier this month it emerged that the world’s richest person, Elon Musk, had not been invited to the investment summit.
Speaking to the BBC’s Today programme, Technology Secretary Peter Kyle said the billionaire would have been “very, very welcome if he had an open investment programme that we could have latched on to.
Source: BBC
In other news – Kanye West in hot waters as ex-assistant files bombshell lawsuit
Kanye West just landed himself in hot water as his ex-assistant made some rather disturbing claims in a lawsuit against the rapper.
The former OnlyFans star, Lauren Pisciotta, hit the Runaway hitmaker in June with the allegations of s**ual harassment and stalking while she worked with him back in 2021-22.The new, 88-page-long document filed against West, who now goes by the name, Ye, dozens of rather unsettling claims and vile conversations were unveiled. Read more
