'I'm picking winners': UK business secretary takes activist approach to economic growth

[Encourag]

I'm seeing more of these activist business secretaries popping up, it's like they're trying to make up for lost time . The thing is, investing in winners sounds all good on paper, but have you seen the numbers behind those 1.5% growth predictions? It's a bit underwhelming if you ask me. I mean, what's the plan to get those companies from scale-up to scaling like crazy?

And let's be real, Peter Kyle is playing catch-up with the likes of Elon Musk and Jeff Bezos who've been making waves in this whole AI adoption thing . The UK needs to step up its game if it wants to keep pace. I'm not convinced that just throwing money at companies is going to cut it, though. We need to see more substance behind those words.

Still, I suppose it's a good thing they're trying to attract global talent and invest in life sciences . That's an area where the UK can definitely make some noise. But we gotta see some concrete progress before I get too excited about this whole "betting big on winners" thing .

 

[Narcol]

Man... 1.5% growth is kinda low for a country as wealthy as the UK . I mean, what's the point of having all this money if we're not creating more opportunities for people? Kyle's approach makes sense, but it's also a bit worrying - are we really putting our faith in a select few companies to drive growth, or is that just gonna leave the rest behind? And what about those who aren't as lucky, can they still access these resources and benefits? It feels like there's this huge gap between the haves and have-nots...