The Prime Minister has established five new business councils that will offer advise on creating the very best post-Brexit business conditions.
Each council will be co-chaired by two business leaders, comprising of approximately 10 members that represent the core sectors of the UK economy and a representative will be present from key business groups in the UK.
The business councils will meet around three times a year – once with one senior cabinet minister and twice with Theresa May herself – providing high level advice and policy recommendations on those issues affecting business.
In addition, the government will be able to use these councils as a forum to share developing policy ideas, therefore seeking the views of members.
The business councils are a new initiative, forming part of a comprehensive, sector-focused approach to enable the Prime Minister to engage directly with the differing business sectors that are so crucial to the UK’s economy.
The five business groups are: small business, scale ups and entrepreneurs; telecoms, creative industries, technology and media; consumer, retail and life sciences; services – financial, professional and education services; and industrial, infrastructure and manufacturing.
The latter group will include the likes of construction, housing, infrastructure, and transport. The type of Brexit deal that is eventually agreed is set to affect transport; many groups have aired their thoughts about how the sector will be affected if there is a deal or not.
These business councils will be able to advise the Prime Minister on what has to happen to ensure the best business conditions post-Brexit.
The Prime Minister commented on the formation of these groups.
She said: “The UK has always been one of the best places in the world to do business and is a leader in sectors from advanced manufacturing to the creative industries.
“Brexit presents a huge opportunity to build a better, stronger economy for people all over the country.
“So I’ve asked these new councils to advise us on the opportunities and challenges facing business as we shape the UK for the future.”