PM hosts final meeting of 2023 Business Council: Wednesday 20 December 2023
The Prime Minister Rishi Sunak hosted the final meeting of the 2023 Business Council earlier today.
Today the Prime Minister hosted the final 2023 Business Council meeting.
He thanked business leaders for their support over the past year.聽He noted progress to stabilise the economy, which has resulted in inflation falling well below half 바카라 사이트� to 3.9% 바카라 사이트� delivering one of the Prime Minister바카라 사이트檚聽key priorities.
The Prime Minister explained how businesses are continuing to choose the UK as a top global investment destination, pointing to the examples of: Tata Group바카라 사이트檚 拢4bn UK gigafactory, BMW바카라 사이트檚 拢600m commitment to聽develop electrical vehicle production in the UK, Nissan바카라 사이트檚 拢2bn to support two new electric vehicle models in Sunderland and 拢2.5bn from Microsoft for AI infrastructure. He thanked Council Members for their support for the Global Investment Summit in November,聽at which a further 拢29.5bn of investment was announced.聽
The Prime Minister and the Business Council discussed the economic and business outlook, and how this is being perceived on the frontlines of the economy.聽Council members agreed聽that, with inflation now more than halved, there is an opportunity for more economic growth and dynamism in 2024.
The Prime Minister also raised the economic benefits of AI and other technologies, following the successful AI Safety Summit he hosted at Bletchley Park. He asked Council Members about barriers to adoption聽and where new technologies have led to increased innovation and productivity.聽
He announced that a new 바카라 사이트楢I Opportunity Forum바카라 사이트� will be launched in January 바카라 사이트� which will be co-Chaired by Franck Petitgas, the Prime Minister바카라 사이트檚 Adviser on Business and Investment, and the Secretary of State聽for Science, Innovation and Technology, Michelle Donelan. It will explore in more detail the adoption of AI technologies across the private sector.
He concluded by thanking the members of the Business Council for their contributions which bring an important perspective to the big decisions the 바카라 사이트 is taking to build a better Britain.