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Can Andy Burnham Win Over Britain’s Entrepreneurs?

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Can Andy Burnham Win Over Britain's Entrepreneurs?

So that’s that, then. Keir Starmer has read the room, found it on fire, and quietly let himself out of the back door.

Andy Burnham, the man who has spent years doing his best impression of a Prime Minister-in-waiting from a tram stop in Greater Manchester, is now the overwhelming favourite to be holding the keys to No.10. And the question I keep being asked, by founders who have built something real with their own sweat and overdraft, is a simple one: is he on our side or isn’t he?

I should declare an interest. I advised David Cameron’s government on enterprise, and I sat alongside the late, magnificent Lord Young of Graffham, the sharpest business brain to wander the corridors of Whitehall in a generation. Young understood something that most politicians never grasp, which is that you cannot conjure growth from a spreadsheet or a press release. You get it by listening to people who have actually met a payroll on a Friday when the bank has gone quiet. His reports on small business were not poetry, but they were honest, and they moved the needle. We need that voice in the room again.

Now, Burnham is not a fool, and he is not anti-business in the snarling, placard-waving sense. He talks a good game about “business-friendly socialism,” whatever that turns out to mean when the civil servants get hold of it. He wants to cut business rates for the corner café and the struggling pub, which is grand, and I will buy the first round. But the mood music among the people who actually create jobs is not exactly a standing ovation. A recent survey found that eight in ten SME owners are nervous about what a Burnham premiership means for their business, and you do not get a number like that by accident.

Here is the bit Burnham needs to understand, and understand fast. The genius of a healthy economy is not the wealth that gets created. It is what happens to that wealth afterwards. The founder who sells her software company for forty million does not stuff it under the mattress. She becomes an angel investor. She backs three more founders, mentors a dozen, and sets up a fund. That is the flywheel, and it is the single most powerful engine of prosperity we have. The Tony Blair Institute, no nest of swivel-eyed capitalists, has written about exactly this, the way start-up success recycles into the next generation of scale-ups. Nine out of ten angels reinvest their exit money. That is not greed. That is the machine working.

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And here is my worry. You cannot, on the one hand, ask entrepreneurs to take insane risks, remortgage the house, miss the kids’ bedtimes for a decade, and then, on the other, signal that the moment they succeed you intend to relieve them of the reward through a wealth tax, a land tax, or whatever the focus group has christened it this week. Burnham has been artfully vague on this, which is its own kind of answer. Vagueness is what frightens founders. They can plan for bad news. They cannot plan for a shrug.

The thing is, the money is sitting there, ready to be put to work. The challenge for whoever is next PM is not creating start-up wealth. We are rather good at that, thank you. The challenge is getting it recycled into the real economy instead of fleeing to Lisbon and Dubai, where the welcome is warmer and the tax letters are kinder. That is a solvable problem, but only if Burnham does the one thing this government has been allergic to, which is actually listening to entrepreneurs about how to unlock the funding rather than lecturing them about fairness.

So can he win us over? Yes, he can, and I would rather like him to. But it requires a leap that does not come naturally to a man whose instincts were forged in the Labour movement. He needs a Lord Young of his own, a proper entrepreneur with calloused hands and scar tissue, sitting at the heart of Downing Street, not a special adviser who once read a book about disruption on the train to Manchester. He needs to treat founders not as a cash machine to be tapped but as the goose that lays the golden egg, and you do not, if you have any sense, threaten the goose.

Burnham has charisma, a northern soul, and a genuine knack for sounding like he means it. What he lacks, so far, is a credible promise to the wealth creators that their success will be celebrated rather than confiscated. Make that promise, and keep it, and he could be the most pleasant surprise this country has had in years. Break it, and the flywheel stops, the money leaves, and we are all the poorer for it. Over to you, Andy. The kettle is on.

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Richard Alvin

Richard Alvin

Richard Alvin is a serial entrepreneur, a former advisor to the UK Government about small business and an Honorary Teaching Fellow on Business at Lancaster University.

A winner of the London Chamber of Commerce Business Person of the year and Freeman of the City of London for his services to business and charity. Richard is also Group MD of Capital Business Media and SME business research company Trends Research, regarded as one of the UK’s leading experts in the SME sector and an active angel investor and advisor to new start companies.

Richard is also the host of Save Our Business the U.S. based business advice television show.

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Centurion CEO Justin Cardaci to step down

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Centurion CEO Justin Cardaci to step down

Justin Cardaci is planning to step down as chief executive of the CFC Group subsidiary, with Michael West to fill the breach as interim CEO.

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Meta halts worker tracking for AI training due to privacy fears

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Mark Zuckerberg, wearing a white collared shirt while sitting in a crowd at the recent UFC event at the White House.

Meta has paused a new company-wide program of tracking its employees’ computer usage which has been plagued by internal frustration.

The program was started only two months ago as part of an effort by Meta to gather data on how people used computers, including mouse clicks and keystrokes, that could be used to train artificial intelligence (AI) models.

It was met immediately with upset from employees who were to have their every online action at work tracked and recorded, but also concerned about where the data was going and how it would be protected.

Meta halted the program on Monday after realising some of the collected data had been left potentially accessible to anyone inside the company.

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A Meta spokesman confirmed to the BBC that the program, named internally the Model Capability Initiative (MCI), was “on pause for now” as the company investigates the issue.

“We have no indication at this time that any data was improperly accessed by Meta employees,” the spokesman added.

The pause follows weeks of blow-back from workers at the company, led by billionaire Mark Zuckerberg, to being tracked at work.

In an initial response to worker frustration – which was displayed in part through a petition signed by nearly 2,000 Meta workers demanding that the MCI program be cancelled – Meta said it would allow workers to not be tracked for up to 30 minutes at a time.

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“That was just an attempt at damage control,” one current employee told the BBC. The person asked not to be identified.

Another Meta employee, who also asked not to be identified, said that while a lot of technical workers inside the company are open to the idea of improving its AI models and being more competitive in a field dominated by Anthropic and OpenAI, the fact that tracking “was forced on us, there was no consent” left people angry.

“I’ve never seen morale here so bad,” the employee said.

In addition to the tracking program, frustration inside Meta has grown as it has done extensive layoffs, and reorganised many employees and their work around AI initiatives, on which the company is spending up to $145bn (£109bn) this year alone.

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Employees have even openly insulted management, external in an internal meeting on the AI-driven changes, according to a report in Wired.

While Meta has long had a reputation in the technology industry as a company that frequently reorganises internal teams around new projects, the changes and spending in an effort to catch up on AI feels like “chasing your tail”, a person who recently left Meta after several years said.

“The direction this company is going in is depressing”, the former employee said. “Exhausting and depressing.”

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Clear Blue Technologies International Inc. (CBLU:CA) Q4 2025 Earnings Call Transcript

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OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

Miriam Tuerk
Co-Founder, CEO & Director

Good morning. This presentation is being recorded for further viewing after the webinar is completed. My name is Miriam Tuerk. I’m Co-Founder and CEO of Clear Blue Technologies. I’m joined today by Farrukh Anwar, who’s our CFO; and Jonathan van der Veen, who’s Head of our Marketing function within the company.

Today, we’re going to be going over our fiscal 2025 and Q1 2026 earnings results and try to give you as much information as we can from a forward outlook perspective. With respect to forward outlook perspective, please be aware always the guidance that’s around forward-looking statements we’re giving the best information we have at the time that we have it, but there is nothing that can promise what’s going to happen in the future. So please take that under advisement.

So just a little bit about Clear Blue. Clear Blue is a world leader in delivering clean, managed wireless power to meet the global need for reliable, low-cost energy for mission-critical infrastructure. Why do I say the word world leader? We don’t deliver large solar infrastructure that feeds into the grid. We deliver off-grid power that is disconnected from the grid for small point-of-use applications, satellite systems, WiFi networks, smart city infrastructure, security cameras, street lights, cell phone towers.

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And when it comes to that, we build the technology, but we also manage and deliver it on an ongoing basis. We’ve been doing that since day 1 when we had our first prototype in 2011, and we’ve been remotely managing and monitoring that — those systems online with an ongoing service since day 1. As

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Wales sees a rise in inward investment projects

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However the promised new jobs from projects is down on 2024-25

(Image: Ian Cooper/North Wales Live)

Wales has seen a rise in inward investment projects although the number of new jobs promised has fallen.

Figures from the UK Government’s Department for Business & Trade show that in 2025-26 Wales attracted 75 inward investment projects – which as well as overseas firms investing in Wales for the first time included expansions by companies already here – compared to 65 in the previous financial year.

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The new projects promise to create 1,617 jobs, compared to 2,470 from foreign direct investment in the previous year.

New jobs and safeguarded from foreign direct investment in Wales amounted to 5,585 , up from 4,122 a year earlier.

For the UK as a whole there were 1,020 new inward investment projects – down from 1,375 a year earlier – that promised to create 69,166 jobs (69,355 previously).

In terms of origination some 239 projects into the UK came from US firms and investors, followed by India, 93, France 64, Germany 62 and Ireland 45.

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London attracted around a third of all total UK projects with 326, followed in number by the north west, 115. Scotland attracted 94 and Northern Ireland 33. The lowest on number was the north east of England with 23.

While the Welsh Government has devolved powers to support efforts to attract foreign direct investment into Wales, the UK Government also has a role.

For the new Plaid Cymru Cardiff Bay administration inward investment will sit within a new at arm’s length development agency for Wales. It will also look to support greater links between inward investors and indigenous supply chains as a means of bolstering Welsh productivity levels.

Secretary of State for Wales, Jo Steven, said: “These latest figures show that Wales is punching above its weight. The UK Government is backing the industries of the future in Wales and creating the right conditions to attract yet more investment.

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“This has been a driving motivation behind our new initiative, Brand Wales, which is designed to attract inward investment and promote Wales as a brilliant place to do business. We want to ensure that the economic opportunities offered by Wales sit at the forefront of the minds of global investors.”

Cabinet Minister for Enterprise, Connectivity and Energy, Adam Price, said:“Inward investment can play a crucial part in our goal to half the productivity gap with the rest of the UK. It’s encouraging to see Wales bucking the trend as the only part of the UK to see an increase in inward investment projects.

“But to meet our productivity goal we need to ensure that investment creates resilient and well-paid jobs and contributes to the long-term competitiveness and performance of the Welsh economy.

“Inward investment should strengthen Welsh firms, deepen supply chains, support priority economic platforms, increase exports, bring technology or management capability into Wales, and help retain more value in the Welsh economy. A new Welsh innovation and development agency will lead our approach to inward investment and make Wales the easiest place in the UK for investors to say yes. “Above all, investment must deliver for the people of Wales and lead to higher productivity and shared prosperity.”

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The foreign direct investment figures also include those as a result of mergers and acquisitions.

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Micron, Sandisk, SpaceX, Tesla, Carnival, and More Stocks That Explain Today’s Market

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Applied Materials, Rivian, Moderna, Arista, Fastly, Coinbase, Robinhood, DraftKings, and More Stock Market Movers

Micron, Sandisk, SpaceX, Tesla, Carnival, and More Stocks That Explain Today’s Market

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SpaceX’s wild ride is just getting started

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SpaceX’s wild ride is just getting started


SpaceX’s wild ride is just getting started

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TUC Cymru reveals its new general secretary

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Laura Doel comes from a long line of family trade unionists

Laura Doel.

TUC Cymru has confirmed Laura Doel as its new general secretary. Ms Doel is currently the national secretary for Wales of the National Association of Head Teachers (NAHT) and the current TUC Cymru president.

She will replace Shavannah Taj who was elected as a Labour member of the Senedd in May.

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A passionate trade unionist and education campaigner, she started her career in journalism working at several newspapers, including the Newport Argus, before moving into politics.

A stint in local government reignited a love of social activism and campaigning which turned into a career in the trade union movement. She began that career as an organiser for Unison, then an organiser for NAHT Cymru before becoming their National Secretary six years ago.

In her role as national secretary she held a number of key roles including NAHT Cymru’s seat on Wales TUC general council, as well as a number of key Welsh Government union positions under social partnership legislation including the National Attendance Task Force, the Pay Partnership Forum, the workload negotiating groups and Schools Social Partnership Forum.

Born and brought up in Aberbeeg, near Abertillery, she now lives in Cardiff with her two daughters. She attended Abertillery Comprehensive School before going to college in Ebbw Vale and Pontypool. She comes from a long line of trade unionists. She is the first female trade union official in her family following in the footsteps of her dad, grandfathers, and wider family who all worked in manufacturing, local collieries, steelworks, and local government.

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The incoming general secretary said: “I am honoured to be appointed to the role of TUC Cymru general secretary, and I look forward to representing Wales’s nearly 400,000 trade unionists as we work together to build a Wales that works for everyone.

“I believe that trade unions have never been more important. Wales is experiencing a moment of significant change, with a new government in place, continued pressures on pay-packets, and a world of work that is transformed compared to what has come before.

“The workers of Wales need to know that there is someone on their side and I look forward to taking up that challenge in the coming weeks.”

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BIT: Unsustainable Distribution And Inflation Make This Fund Unattractive

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Cash Is King, A Quick Look At 3 Cash ETFs For 2026

BIT: Unsustainable Distribution And Inflation Make This Fund Unattractive

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Opinion: Hub call signals broader ambition

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Opinion: Hub call signals broader ambition

OPINION: Challenge for WA to turn strategic opportunity into industrial reality.

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Iran says no new commitments on nuclear sites after Vance says inspectors to be invited back

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Pakistan's Prime Minister Shehbaz Sharif, centre, speaks next to US Vice President JD Vance and Qatar's Prime Minister and Minister for Foreign Affairs Sheikh Mohammed bin Abdulrahman bin Jassim Al-Thani during a quadrilateral meeting between the US, Iran, Pakistan and Qatar at the Lake Lucerne Summit.

Iran has denied a claim by Vice-President JD Vance that it will allow nuclear inspectors back into the country, after the first round of talks between Washington and Tehran to reach a final deal to end the war.

Following negotiations in Switzerland, Vance said on Monday that discussions with the International Atomic Energy Agency (IAEA) could be happening “as soon as today”.

But Iran’s foreign ministry told state media that Tehran had made “no new commitments” on nuclear inspections.

Iran and the US continued to share conflicting remarks on the nuclear issue on Tuesday.

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Iran’s foreign ministry spokesman Esmaeil Baqaei said it had no plans to allow inspectors to access nuclear sites bombed by the US and Israel last year.

US President Donald Trump said that despite Iran’s “protestations and false statements to the contrary”, it had “fully and completely agreed” to inspections.

“If they did not agree to this, there would be no further negotiations!” he posted on social media.

Meanwhile, the US has temporarily waived sanctions, allowing Iran to sell oil in US dollars for the first time in decades.

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In a joint statement released on Monday, mediators Qatar and Pakistan said that after the first round of talks in the Swiss resort of Bürgenstock, the US and Iran had agreed to “a roadmap towards reaching a final deal within 60 days”.

Vance described the talks as having laid a “very good foundation”.

The US vice-president said the teams had discussed the reopening of the Strait of Hormuz and “de-confliction for the regional ceasefire”.

The 60-day sanctions waiver issued by the US Treasury on Monday dismantles central pillars of Washington’s long-running embargo, which has historically choked off Tehran’s economy.

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The emergency licence authorises the production, sale and delivery of Iranian crude and petrochemicals until 21 August.

Iranian oil can even be imported directly into the US, under the sanctions relief.

It unlocks banking transactions, insurance and transportation and does away with the complex networks that Iran has previously used to sell crude.

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