Minister Peter Kyle Boldly Compares Labour's Arrival In Government To Steve Jobs' Apple Takeover
Labour's return to government is comparable to Steve Jobs' restoration of Apple, according to the science secretary Peter Kyle.
The government's finances are under intense scrutiny right now ahead of next week's spending review where the chancellor will set out how much money each department will receive in the coming years.
Labour has promised to fix the foundations of the country after 14 years of the Conservatives, and the economy did grow by more than expected in the first quarter of 2025 and increasing by 0.7% of gross domestic product.
Interest rates have also dropped – but the government has faced public backlash over the way it has managed to claw back this cash.
Labour chose to cut winter fuel payments from pensioners – a policy it is now looking at partially reversing – and to keep the Conservatives' two-child benefit cap.
In comparison, Steve Jobs was ousted from his famous tech company in 1985 but returned to Apple in 1997 when it was on the cusp of going under, and helped to reinvent the world-famous firm.
Pressed on how the government would try to revive the economy with its spending plans, Kyle told Sky News: 'The key thing is we are going to be investing record amounts of money into the innovations of the future.
'Just bear in mind how Apple turned itself around.
'When Steve Jobs came back to Apple, they were 90 days from insolvency. That's the kind of situation that we had when we came into office.
'Now, Steve Jobs turned it around by inventing the iMac, inventing a series of products like the iPod, now we are starting to invest in the vaccine processes of the future, some of the high-tech solutions, there's going to be high growth, investing in our space sector – all these really highly innovative sectors.'
'When Steve Jobs came back to Apple they were 90 days from insolvency. That's the kind of situation that we had when we came into office.'Science Sec. @peterkyle compares the government's record to Steve Jobs.#TrevorPhillipshttps://t.co/wTj5m9Qehy📺 Sky 501 & YouTube pic.twitter.com/pQNjaKxdBl
— Sky News (@SkyNews) June 8, 2025
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