Economic growth critical to stability, future of UK, says British premier

By Aysu Bicer

LONDON (AA) - British Prime Minister Keir Starmer reaffirmed his commitment to economic growth as the cornerstone of his political agenda, stressing that a strong economy is essential for stability and the UK’s long-term prosperity.

Speaking at an investment summit, Starmer made it clear that fostering growth is not just about immediate financial gains but about securing the future. "Growth leads to stability," he said, adding that a growing economy allows the nation to unify and take control of its path forward. "That’s why it’s always been so critical to my political project."

Citing the pre-2008 financial crisis era as a model, he said he aims to recapture that period of "economic moderation" as part of his vision for the UK.

Starmer highlighted the role of the private sector as critical to the country’s recovery, identifying artificial intelligence, clean energy, and the creative industries as key areas for investment.

He praised Britain’s leadership in technology and education, calling this a "great moment to back Britain" and encouraging investors to contribute to the nation’s revival. "Private sector investment is the way we rebuild this country and pay our way in the future," he stated.

He pointed to the UK’s competitive strengths, including its globally respected legal system and strategic location, which offers connectivity to both the Americas and Asia, as reasons why Britain remains attractive on the world stage.

Reflecting on global challenges, Starmer described the current era as marked by "political fires" of conflict and rising populism, which he warned could undermine open values. However, he also highlighted the "age of great possibility," underscoring opportunities in digital technology, life sciences, and clean energy as transformative forces for improving lives and strengthening the economy.

"You can stop a country turning in on itself if you provide the benefits of growth to people," Starmer said, adding that a focus on economic growth is vital for navigating global uncertainty and steering the UK toward "calmer waters."