The technology secretary said he was “absolutely ready to engage” with Elon Musk after it was reported that Tesla’s chief was not invited to an international investment summit on Monday.
Peter Kyle told Times Radio, following previous reports that Musk had been snubbed for social media posts during this summer’s riots, that Musk was “not prone to doing these types of events.” No,” he said.
The government is expected to announce multi-billion deals in areas such as AI and life sciences at the summit in London.
Asked whether the government should have invited X owners, Mr Kyle told the station: What an amazing achievement it represents.
Our industrial strategy, our first in seven years, delivers long-term growth in sectors such as life sciences, digital and technology.
With this confidence, we can encourage investment and we look forward to meeting businesses at tomorrow’s International Investment Summit. https://t.co/Ao7fHFiG4Y
— Peter Kyle (@peterkyle) October 13, 2024
“Although Elon Musk has never attended any past investment summits held under the previous administration and does not tend to participate in these types of events, I am happy to engage with him and discuss the global potential. I’m ready to talk about it.”I don’t know anything about his investments at this time. ”
Kyle also denied that Musk was banned from the event. Asked on Sky News whether the tycoon’s absence from the event was because he referred to Prime Minister Keir Starmer as “two-tier Kea”, Mr Kyle said: Our Prime Minister puts the country first and the party second.
“He has said many times that he wants people around the world to understand that we are a government that is open for business.”
In September, the BBC reported that the heads of Tesla and SpaceX were not invited to the summit because of their social media posts during the summer riots.
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After a stabbing in Southport left three children dead and sparked riots across the UK, Mr Musk, the owner of “I can’t do it,” he suggested, attacking the prime minister.
After the report, Musk posted: “I don’t think anyone should go to the UK where they release convicted pedophiles to jail people for what they post on social media.”
His claims about the UK’s release of prisoners came after 1,700 prisoners were released early in the first phase of the government’s plan to tackle prison overcrowding. Sex offenders are excluded from the policy.
Sir Keir promises to remove regulations that “unnecessarily constrain investment” at Monday’s meeting.
The government says international investment will help it achieve its goals of creating jobs, improving living standards and improving the livelihoods of communities and families across the country.
In his keynote speech at the summit, Sir Keir promoted the UK as a stable destination for investors, saying he would “do everything we can to stimulate growth, including by removing regulations that unnecessarily stifle investment”. It is expected.
He would say: “We have a great opportunity to leverage our mission to end the cuts and changes, policy changes and Band-Aids that make it so difficult for investors to assess the value of any proposition. is in hand.
“We have the determination necessary to unlock that potential, a focus on clear long-term goals, and a mission-driven mindset that thinks in terms of years rather than days or hours on the news grid. Please don’t doubt it.”
