Published: January 14, 2026 at 8:37 am
The UK Business Secretary will tell business leaders today that he wants the UK to go ‘toe to toe’ with America on growth.
Labour has come under fire for its increased taxation of businesses in successive Budgets, while it has doubled down on technologies such as AI, despite their potential to sweep away many existing jobs.
However, Peter Kyle is expected to be bullish in a speech to business leaders at Bloomberg today – including Google owner Alphabet, Facebook parent company Meta, Ford, Heathrow, Blackrock, McKinsey, BP, AstraZeneca and Greg Jackson, CEO of Octopus Energy – in which he will outline the Government’s Industrial Strategy changes.
A new update is expected to confirm £79 billion of investment commitments and 50,000 new, well-paid jobs secured in the last quarter.
Kyle will also confirm the names of three new business leaders to join the Industrial Strategy Advisory Council: Amelia Gould (general manager, maritime at Helsing), Keith Anderson (CEO, Scottish Power) and Dana Strong (CEO, Sky).