UK hosts Global Investment Summit; Bank of England governor warns inflation fight will be ‘hard work’ – business live

Rolling coverage of the latest economic and financial news

Prime minister Rishi Sunak has arrived for the Global Investment Summit at Hampton Court Palace today:

Business secretary Kemi Badenoch has said the UK economy is “doing well despite significant headwinds” ahead of today’s summit at Hampton Court Palace.

“These are all people who are investing in the UK because they believe in the UK, in the opportunity there is for them to grow their businesses, but also to create jobs and help keep our economy growing and vibrant.”

“It is really important off the back of the autumn statement where the Chancellor made some of the biggest tax cuts we’ve seen for such a long time, it is important that we talk about the UK economy…

The UK economy is doing well despite significant headwinds.

We are dealing with the same problems that many other countries around the world are dealing with.

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