Prime Minister Burnham on Monday called for a fundamental change in how the United Kingdom approaches business, arguing that the government should do more to back entrepreneurs and firms willing to take risks.
Speaking to business leaders, Burnham said a "culture shift" was needed so that those who innovate and invest were supported rather than left exposed to failure. He framed the intervention as necessary to encourage growth and to foster a more dynamic private sector.
The remarks come amid criticism from opponents and some business groups who say the prime minister's administration has enacted measures that have raised operating costs for firms. Critics argue that higher taxes, regulation or other policy choices have increased financial pressures on companies, making it harder for risk-taking enterprises to thrive.
The tension between the government's stated desire to promote entrepreneurship and the complaints about rising costs is likely to shape debates over economic policy in the months ahead. Observers say the discussion will focus on how to balance support for innovation with measures that ensure the wider business environment remains competitive and affordable.