By Claire West

The Prime Minister has convened a small group of business leaders from sectors of strategic importance to the UK to provide regular, high level advice on critical business and economic issues facing the country.

The Business Advisory Group will meet every three months and will advise on critical business and economic issues facing the country

The Deputy Prime Minister, Chancellor and Business Secretary will also attend meetings of the group, which will function as a sounding board through which Ministers can listen to and debate the concerns and priorities facing industry and can discuss the Government’s economic and business policy.

The group will meet quarterly.

Prime Minister David Cameron said:

“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 business men and women. Having an advisory group with a range of experience and expertise should ensure that there is real interaction and discussion.

“It is vital that we get these policies right as we take forward our plans to drive down the deficit and transform our economy. Our prize will be balanced growth, getting Britain working and ensuring our whole country shares in rising prosperity.”

The group includes:
• Angela Ahrendts, CEO, Burberry
• Helen Alexander, Chair of Incisive Media James Cameron, Vice Chairman, Climate Change Capital
• Philip Dilley, Chair, Arup
• Sir James Dyson, Founder, Dyson
• Stephen Green, Chair, HSBC
• Justin King, CEO, Sainsbury’s
• Sam Laidlaw, CEO, Centrica
• Dick Olver, Chair, BAE Systems
• Michael Queen, CEO, 3i
• Sir Michael Rake, Chair, BT/ Easyjet
• Eric Schmidt, Chair/ CEO, Google
• Sir Martin Sorrell, CEO, WPP
• Andy Street, Managing Director, John Lewis
• Sir Howard Stringer, President/ Chair/ CEO, Sony
• Ratan Tata, Chair, Tata
• Paul Walsh, CEO, Diageo
• Andrew Witty, CEO, GlaxoSmithKline
• John Wright, Immediate past National Chairman, Federation of Small Businesses

Terms of Reference

The Group will meet quarterly to provide high level advice to the Prime Minister and senior Ministers on critical business and economic issues facing the UK.

The Group will provide a forum to debate the concerns and priorities facing the economy in general, and strategically important sectors in particular.
To facilitate an open and fruitful dialogue, discussions will be informal and participants will be understood and expected to give their views on a personal rather than a corporate basis.

Membership will be offered on a personal basis, and will initially be for a twelve-month period, at the end of which we will review the future of the Group. Members will not be remunerated.

Members will be invited to contribute suggestions for the agenda for each meeting. The Group will be supported by a small secretariat drawn from the Department for Business and HM Treasury.