Despite much grumbling about the make-up of its membership, David Cameron today chaired the first get-together of his new Business Advisory Group (BAG), a group created by Business Secretary Vince Cable and designed to deliver high-level business advice to the Coalition Government.
Including the likes of Sainsbury’s chief executive Justin King and Google’s Eric Schmidt, the BAG replaces the Business Council of Britain formed by former PM Gordon Brown.
“The deputy prime minister and I want to make sure the Government is getting really good high-level advice from some of Britain’s leading businessmen and women.” explained Mr Cameron.
“Having an advisory group with a range of experience and expertise should ensure that there is real interaction and discussion.”
The group, whose advice will be private and informal, are due to meet quarterly with both the PM, Deputy PM Nick Clegg and Business Secretary Vince cable.
“Tackling the challenges facing business requires new ideas from a range of experts” explained Mr. Cable during a speech in May.
“Economic knowledge and commercial experience are essential to developing policy and this new panel will be critical to finding new ways to move the economy forward.”
So what suggestions will the panel bring to the table and what will it mean for businesses here in the UK? Will it simply help big business, or will it produce positive changes for country’s SMEs sector that was heralded as the future of the UK’s economy during the run-up to the May 6th Election? Only time will tell.
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