<\/p>\n
Rolls-Royce has been pushing its small modular reactors to modernise the nuclear sector<\/p>\n
Andy Burnham has pledged to back those with a \u201cgreat idea\u201d as part of a culture shift towards growing businesses.<\/p>\n
Ahead of a meeting with business leaders in Downing Street, the Prime Minister said those who take risks should be supported by government.<\/p>\n
The chief executives of BP, BT, HSBC, Morrisons, Rolls-Royce, Sainsbury\u2019s, Shell and Vodafone will be among the senior business leaders who will press for a change of tone from the Labour government.<\/p>\n
In its first few months it increased costs on business through hikes in employer national insurance contributions and minimum wage changes, as well as imposing new regulatory burdens.<\/p>\n
In a briefing before today\u2019s meeting, Mr Burnham said he would give people \u201cthe confidence that if they have a great idea, they\u2019ll get all the support they need to bring it to life\u201d.<\/p>\n
He added: \u201cWhen local leaders have the tools to get things done and government works in partnership with business, you can pull in investment, create jobs and transform communities.\u201d<\/p>\n
He said the government would be \u201ca partner for growth to make every part of Britain better off\u201d.<\/p>\n
His comments come as hospitality leaders have written to him calling for a cut in VAT, though there was also some better news on the economy on Friday when new data showed a surprise increase in GDP.<\/p>\n
However, there is a desire for a new approach to business that will enable it to tackle long-term anaeminc growth and capitalise on developments in technology and renewable energy. <\/p>\n
Separately, Mr Burnham has delayed a decision to approve the Jackdaw gas field off the Aberdeen coast which the industry is demanding in order to help with supplies and the energy transition.<\/p>\n
\t #Burnham #pledges #British #business #ideas #Daily #Business<\/p>\n","protected":false},"excerpt":{"rendered":"
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