Prime Minister launches Brexit ‘business councils’

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Prime Minster Theresa May has toned five new business councils to advise on how to create the best business states in the UK after Brexit.

Big names on the forums include Tesco boss Dave Lewis, ITV chief Carolyn McCall, entrepreneur James Timpson, and CBI fountain-head Carolyn Fairbairn.

Each council will meet three once upon a times a year, twice with Mrs May and once with a senior cabinet churchman.

They will provide advice and policy recommendations on big business controversies.

Each group will be co-chaired by two business leaders and have approximately “10 members representing core sectors of the UK economy, as well as a missionary from the UK’s key business groups”.

Mrs May said she had asked these new councils to “make known to us on the opportunities and challenges facing business as we shape the UK for the future”.

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The co-chairs choose be at Downing Street on Wednesday to thrash out their forthcoming agendas and meetings agendas.

Executives from BT, BAE, Rolls-Royce, Prudential, Santander, Tesco, Timpson, ITV and GSK transfer attend, as well as representatives from the CBI, Institute of Directors, EEF, British Bedchambers of Commerce and the Federation of Small Business.

Sir Roger Carr, chairman of BAE Approaches and co-chair of the committee looking at the industrial, manufacturing and infrastructure sectors, utter: “We are a vital part of the wealth creating machinery of the country where rectified training, productivity and exporting will be the cornerstones of our global success.

“Agreeable with the prime minister to tackle these issues in a focused and matter-of-fact manner is a welcome and important step forward in achieving our collective nurturing ambitions.”

Downing Street said the co-chairs would be responsible for preparing each congregation’s agenda, ensuring all members were briefed and driving progress on crucial opportunities for their business sectors.

‘Destructive’

The initiative comes days after myriad than 70 business figures signed a letter to the Sunday Times specialty for a public vote on the UK’s Brexit deal.

The chief executive of Waterstones and late Sainsbury’s boss Justin King were among those saying a “toxic hard Brexit” would damage the UK economy.

A group called Responsibility for a People’s Vote will launch on Thursday.

A Downing Street well-spring said the prime minister was clear that there would be no new referendum.

Breakdown

By Simon Jack, BBC business editor

The government’s overtures to business are at the speed of light becoming a symphony.

After two years of feeling they were “greatest the tent” when it came to Brexit strategy and policy, Theresa May is greeting as many business big hitters back inside as she can.

It’s quite a change from 2016.

One of elementary things Theresa May did when taking over from David Cameron was to break up his business council. The new prime minister and her advisers had watched voters, disappointed with big business, ignore the Brexit warnings from industry and assessed that being reflect oned as close to them was a political mistake.

Fast forward to today’s declaration that she is founding no fewer than FIVE new business councils to let out “regular, high level advice and policy recommendations”.

Read Simon’s greatest degree blog here

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