The Prime Minister has announced the creation of a Business Council for Britain comprising senior representatives of UK-based businesses, to advise him on issues that affect enterprise, business and the long term productivity and competitiveness of the economy.
The Council will be chaired by Mervyn Davies of the Standard Chartered Bank and will be attended by the Prime Minister and Secretaries of State of the main economic departments will attend. Other Secretaries of State will attend the meetings at the invitation of the Council.
The Council remit will be to:
- advise the Government on its ongoing policies and priorities;
- conduct its own reviews on the areas it believes will determine the future economic well-being of the UK; and
- where issues are particularly important, have the power to establish Special Commissions to make recommendations for reform.
The full list of members of the council is:
- Sir Richard Branson: Founder, Virgin Group [pictured]
- Damon Buffini: Managing Partner, Permira
- Sir William Castell: Chair, Wellcome Trust
- Mervyn Davies: Chairman, Standard Chartered Bank
- Sir Rod Eddington: Director, News Corporation
- Dr Jean Pierre Garnier: Chief Executive Officer (CEO), Glaxo SmithKline
- Stephen Green: Chairman, HSBC
- Tony Hayward: CEO, BP
- Sir Terry Leahy: CEO, Tesco
- Sir John Parker: Chair, National Grid
- Sir John Rose: CEO, Rolls Royce
- Stuart Rose: CEO, Marks and Spencer
- Arun Sarin: CEO, Vodafone
- Dame Marjorie Scardino: CEO, Pearson
- Sir Alan Sugar: Chair and CEO, Amstrad
William Sargent, Executive Chair of the Better Regulation Executive will also attend.
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