'I'm picking winners': UK business secretary takes activist approach to economic growth

'I am betting big,' said Peter Kyle at the annual World Economic Forum in Davos, Switzerland. 'I am betting big,' said Peter Kyle at the annual World Economic Forum in Davos, Switzerland. 'I'm picking winners': UK business secretary takes activist approach to economic growth AI evangelist Peter Kyle wants to scale up businesses, attract overseas investors and look out for UK's poorer regions The UK business secretary, Peter Kyle, has said he is "betting big" and "picking winners" as the government takes direct stakes in growing businesses to boost economic growth. Speaking at the World Economic Forum in Davos, where he and the chancellor, Rachel Reeves, have been talking up Britain's prospects, Kyle said ministers were taking an "activist" approach to industrial policy. The idea of "picking winners" is closely associated with the Conservative prime minister Margaret Thatcher's attacks on Labour's 1970s strategy and her argument that it should be the private sector that decides which companies thrive.