The Department for Business and Trade (DBT) hosted a special Iftar reception at Lancaster House on 24 March 2025, bringing together business leaders and policymakers in a celebration of inclusivity, collaboration, and shared values.
Business Secretary Jonathan Reynolds led the evening alongside Minister for Services, Small Business and Exports Gareth Thomas MP and Trade Envoy to Indonesia and ASEAN, Naz Shah MP. Their presence, along with other distinguished guests, underscored the government’s commitment to fostering strong relationships between faith communities and the business sector.
During the event, Business Secretary Jonathan Reynolds highlighted the profound impact of faith communities on society, the economy, and politics. He stated, "As a person of faith myself, I strongly believe in the positive difference that faith communities make to their local areas, our economy, and our political system."
Reflecting on interfaith connections, he added, "I've always found it fascinating how people of different faiths often feel a deep connection with one another. It’s as if recognising that something is important to you makes me understand its importance to me too." He also drew inspiration from Queen Elizabeth II, saying, "She was a deeply devoted Christian but had an incredible bond with faith communities across Britain."
Speaking about the significance of Ramadan and Eid, he said, "I take personal inspiration from the devotion of Muslims worldwide-the discipline of the fast, the spirit of generosity, and the celebration of Eid. This is a time for reflection on the role faith communities play in the UK."
"Faith communities teach us responsibility towards one another," he continued. "They have pioneered vital social initiatives-from training institutes and credit unions to employment schemes that uplift communities. Many faiths place charity at their core, and we see this clearly in Ramadan, with a remarkable surge in donations from Muslim communities each year."
The Business Secretary also addressed the resilience of Muslim-owned businesses following the far-right riots, stating, "When I visited affected areas, it was clear that despite the rhetoric of the rioters, these businesses were integral to their communities. They were well-loved by their neighbours and made significant contributions to their local economies."
He praised Muslim entrepreneurs for their role in the UK’s economic growth, saying, "The UK has been incredibly fortunate to have Muslim business leaders driving innovation and prosperity. I see this first-hand in my own constituency." He assured the audience of the government's commitment to creating an environment where businesses-"from all faiths and none"-can thrive.
Highlighting the government's economic plans, he shared, "Our first mission is to raise living standards by driving economic growth. We are working to cultivate business confidence at home and abroad, ensuring the UK remains a place that respects, supports, and is open for business." He emphasised the Industrial Strategy, set to be published later this year, saying, "We are moving from a low-investment, low-growth economy to a high-investment, high-growth future."
Discussing workers' rights, he noted, "Our Plan to Make Work Pay includes the Employment Rights Bill, which will strengthen protections against unfair dismissal, improve flexibility in zero-hours contracts, and give workers more confidence in requesting flexible work arrangements-something Muslim Census identified as the number one request from Muslim workers during Ramadan."
He also highlighted major trade deals in progress, including negotiations with India on a free trade agreement, which would "open a market predicted to have 95 million middle-class consumers by 2035." He acknowledged the efforts of Indian High Commissioner Vikram Doraiswami, stating, "He has been instrumental in strengthening UK-India ties through trade and investment."
Fostering economic growth through inclusive trade
Naz Shah MP, who recently took on the role of Trade Envoy to Indonesia and ASEAN, spoke to Asian Voice about her priorities and challenges. Reflecting on her priorities, Naz said, “My top priority as the UK’s Trade Envoy to Indonesia and ASEAN is to strengthen economic ties between the UK and the region. I want to support British businesses in expanding into emerging markets, driving economic growth at home, and creating more jobs and opportunities. The relationship between the UK, Indonesia, and the wider ASEAN region holds significant untapped potential. My focus will be on unlocking that potential and securing the best possible outcomes for all sides.”
Discussing the challenges of her new role, she acknowledged the complexities of trade negotiations, stating, “One of the key challenges faced by all trade envoys, and one I fully expect to encounter, is that you rarely start with a blank slate. Trade agreements are often the result of decades of negotiation and relationship-building, so the role involves enhancing existing foundations rather than creating new ones. While this continuity can be beneficial, it also means navigating an ever-changing global landscape. In a world where certain regions naturally receive more attention due to conflicts or shifting international and economic priorities, my responsibility will be to actively promote trade, business, and investment opportunities in this region.”
Naz also highlighted her commitment to fostering stronger engagement between the UK and the Muslim communities in Indonesia and ASEAN. “As a proud British Muslim, I see a natural connection through our shared faith with the people of Indonesia, the world’s most populous Muslim country, as well as with other ASEAN nations, particularly Malaysia. I believe this common understanding can serve as a bridge to foster deeper collaborations and more effective partnerships. Through mutual learning and the exchange of ideas, we can create meaningful business opportunities for British companies. Supporting economic growth remains a top priority for our government, and I hope to contribute to this effort by strengthening regional ties.”
Chief Executive of the London Chamber of Commerce and Industry (LCCI), Karim Fatehi OBE, highlighted the significance of the DBT’s Iftar reception at Lancaster House, stating, "The event showcased the UK’s commitment to inclusivity, tolerance, and collaboration, reinforcing the role of trade in uniting communities. It provided a valuable platform for discussions on trade, investment, and the UK’s global economic strategy. Business Secretary Jonathan Reynolds delivered insightful remarks on the Free Trade Agreement (FTA), the success of UK PLC, and the future of international trade. My discussions with policymakers and business leaders reaffirmed LCCI’s role in driving economic growth and strengthening London’s position as a global trade hub. The evening was a powerful reminder of the UK’s dedication to fostering economic and social cohesion, supporting a thriving and inclusive economy."
