'Culture shift' needed in how UK does business, PM urges
Burnham has said those who take risks should be backed by government, but his government has been criticised for increasing business costs.
The UK needs a "culture shift" in how it does business, Andy Burnham has said ahead of a meeting with some of the UK's biggest bosses.
The prime minister said those who take risks in business should be backed by government and local leaders should have the power to work with businesses.
The current Labour government has been criticised for increasing costs for businesses, such as with the employer national insurance and minimum wage changes under Burnham's predecessor Sir Keir Starmer.
The US-Israel war with Iran has led to a sharp jump in oil prices, which has fed through to higher energy and fuel prices, affecting households and businesses.