Prime Minister Andy Burnham says the UK needs a “culture shift” to make it easier to start companies and to better reward people who take business risks. He raises the issue ahead of next month’s budget, presenting the message as a way to respond to concerns raised by business leaders.

Both outlets report that Burnham links the change to government backing for risk-takers. The BBC adds that Burnham faces criticism that his government has increased business costs, which may make it harder for firms to operate and invest. Bloomberg focuses more on his attempt to reassure the business community and frame the “culture shift” as part of forthcoming fiscal plans.