Episode
Business secretary Peter Kyle: how to produce a British SpaceX
- Podcast
- The Business
- Published
- Jun 11, 2026
- Duration seconds
- 2017
- Processing state
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Summary
Labour's Secretary of State for Business, Peter Kyle, joins us in the studio to answer some of the most pressing questions facing the UK economy: how does Britain position itself as a legitimate global destination for business, investment, and innovation? “We have the potential to scale fast, but too often companies are leaving this country when they get to a need for a certain size of investment,” Kyle says on the show. “They're going to go and find that in America with a higher risk threshold, and they're gonna find a boldness and an urgency of getting capital into businesses. We have to have an environment here where that is met.” While Labour may be keen to call itself a pro-growth government, there is no secret that the business community - from the small enterprises to the top chief executives - are deeply unimpressed. We ask how the government's relationship with the business community really going? "There is a fundamental issue at the heart of this whole debate, and that's that until we get solid, sustained, sizeable growth into our economy ... Then no business as a sector is going to be able to move forward at the pace at which I would like." And as the world's most valuable tech giants continue their march toward the public markets, the IPO pipeline is overwhelmingly American. SpaceX, Anthropic, OpenAI - the names generating the most excitement among investors are filing to list in New York. The NASDAQ continues to offer valuations that the London Stock Exchange simply cannot match. " "I hope that the plus side for Britain when it comes to these big American IPOs is that it will create a sense of excitement about IPO' ing itself because, of course, most of the trend in recent years has gone from private investment into private companies," he says…