The Prime Minister began by thanking Cabinet for the efforts
across Government to deliver last week's International Investment
Summit. He said that the event was a huge success in
demonstrating to the world that the UK is open for business, with
£63 billion of investments secured being testament to the
confidence that investors have in the Government's plan to fix
the foundations, secure economic stability, and rebuild the
country.
He added that there is still more for government to do to deliver
its first mission of growth, and to continue to attract the
investment that will generate high skill jobs and improve living
standards for people across our country.
The Chancellor added that economic stability is critical in a
volatile world, and the summit was a significant milestone in
demonstrating to investors that the UK is now a stable place to
invest and is proudly pro-business.
The Prime Minister also reflected on the Council of Nations and
Regions – which began its work ahead of the Investment Summit
with a positive discussion on investment and growth. He said the
Government must remain focussed on devolution, and working in
partnership with those with the best local knowledge, to ensure
the benefits of growth and the delivery of our missions are felt
across the whole of the United Kingdom.
Finally, the Lord Chancellor provided Cabinet with an update on
the delivery of thefinal tranche of prison releases today, and
the launch of the Sentencing Review.
She said it was unacceptable that this Government inherited a
situation where there was a risk that we did not have enough
prison places to maintain order on our streets, but that
alongside our immediate action to ensure the police can continue
to make arrests, and our work to build more prison places, this
Government will finally take action to tackle reoffending and
keep the public safe by preventing further crimes. She said this
review would be based on three principles: first to make sure
prison sentences punish serious offenders and there is always
enough spaces to lock up those who need to be and keep the public
safe; second we need to improve rehabilitation in and out of
prison, given 90% of custodial sentences are re-offenders; third
we need to expand and explore tougher punishments available
outside of prison. The review will submit its findings in full to
the Lord Chancellor by Spring 2025.
