Rishi Sunak Says the UK Economy Has Cut Its Ticket to Thrash the Times – and He’s Got No Shame About It
During his first Business Council meeting of 2024 at Downing Street, Prime Minister Rishi Sunak let the country’s top entrepreneurs know he’s still riding the pro‑business train. “The economy has turned a corner,” he announced, and didn’t shy away from saying he’s unashamedly pro‑business.
What the Council Liked (And What They Don’t)
- Global Headwinds: Sunak laid out the tough challenges—think tidal waves of global trade hiccups and the current turbulence in the Red Sea.
- Business Boosters: He promised to make the UK the best place to start, grow, and invest, squeezing out more than a cup of tea.
- Numbers That Matter: Inflation has dropped from a scary 11% to a much friendlier 4%, and mortgage rates are finally doing a downward shimmy.
Industry Leaders in the Spotlight
Heads from ITV, Almac, and Rolls‑Royce were on the front line of the PM’s pitch—he told them he’d “absolutely” help catapult UK businesses to the forefront of global markets. “We’re still battling,” he said, “but I’m firmly convinced the economy is on the right track.”
Sunak’s Personal Pitch
Going back to his roots, Sunak reminded the crowd he grew up in a small business family and spent years doing his mum’s accounts. “That set me on a path that led straight into Parliament as Chancellor of the Exchequer,” he stated, underlining how his background shapes his commitment to support businesses.
Forecasts and Forecasts
The Prime Minister mentioned a PwC forecast that the UK will outperform France, Germany, and Japan this year. “Everyone says we’re set to grow,” Sunak declared with a grin.
Quick Takeaways
1. Economy is heading, inflation’s easing, mortgage rates dropping.
2. Global turbulence remains — Red Sea disruptions are a real issue.
3. Sunak vows to keep the UK “the best place” for entrepreneurs.
That’s all there is to it. The PM’s message is clear: the UK is in the business growth groove, and we’re on the right side of the tide.
