The UK government, led by Prime Minister Jonathan Reynolds, is focused on fulfilling its promise to kickstart growth and rebuild the country for the benefit of working people. One of the key initiatives towards this goal is the UK’s accession to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), a free-trade agreement that will open up new markets for British exporters and smaller businesses. The government is also focused on improving trade relations with the European Union, aiming to reduce bureaucracy and make it easier for British companies to operate in EU countries.
In addition to expanding trade opportunities abroad, the government is also committed to boosting growth at home through measures such as scrapping regressive business rates, addressing late payments to small businesses, and creating an industrial strategy aligned with the trade strategy. The government is planning to host an International Investment Summit to attract foreign investment and create good jobs across the country.
Prime Minister Reynolds has emphasized the importance of providing certainty and stability for businesses, with a clear strategy that instills confidence and encourages long-term investment. The government’s goal is to create a resilient economy that transforms the UK into a global hub for international investment and supports the transition to a clean energy superpower by 2030. The government’s actions have already led to a significant boost in business confidence, signaling a positive outlook for the UK economy under this new administration.
Source
Photo credit www.theguardian.com