'Culture shift' needed in how UK does business, PM urges

Published 2w ago · Updated 1w ago

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Andy Burnham's government balances regional business partnerships with mounting public demands over utility ownership ahead of the budget.

Prime Minister Andy Burnham hosted business leaders and local mayors to pledge a culture shift in how Britain conducts business, while simultaneously facing calls to maintain strong public control over water companies. Reports indicate the government is considering granting regional mayors increased oversight of water firms as part of broader regional policy discussions. Meanwhile, the administration is navigating looming budget pressures and has pushed back its flagship investment summit.

The prime minister hosted a Downing Street gathering with entrepreneurs and regional leaders to pitch the government as an active partner for economic growth.
Activists and political figures urged the government not to retreat from pledges to place water utilities under public control.
Ministers reportedly explored giving local mayors enhanced oversight powers regarding regional water companies.
The administration decided to postpone its upcoming flagship investment summit until the following year.

Timeline

Sep 13The prime minister announced plans to host business leaders and mayors at Downing Street.
Sep 16Criticism arose regarding water companies while discussions surfaced about delaying an investment summit.
Sep 17The prime minister emphasised commitments to reaching net-zero climate goals and empowering citizens.

Why it matters

These developments occur as the administration prepares for a high-stakes national budget and attempts to balance industrial partnerships with public-ownership demands.