Prime Minister Keir Starmer vowed to scrap regulations holding back UK growth, as he seeks to soothe concerns among international investors after a rocky first 100 days in power. Starmer pitched his vision to at the International Investment Summit in London, which was attended by top business leaders from companies including Alphabet, Brookfield Asset Management and BlackRock. The summit is a key part of Starmer’s promise to boost annual GDP growth to an ambitious 2.5 per cent. He was spared the embarrassment of holding the summit without an investment minister. “Banks are among the highest taxed entities in the UK, we’re an important part of the economy,” Venkatakrishnan said.

Source: The Times October 14, 2024 11:20 UTC