New advisory group for business and economic policy

Tuesday, 18 May 2010 12:00 AM

By Tobias Benedetto

Business Secretary Vince Cable today announced the creation of a new group of experts to advise him on business and economic policy.

The Business Advisory Group will act as a sounding board for Mr Cable and it will be chaired by who Lord Oakeshott, a Liberal Democrat spokesman for Treasury and Work and Pensions, who will report to the business secretary directly.

The panel will take the form of an ad hoc advisory board and its advice will be private and informal. Its members, who will be confirmed in due course, will be unpaid and provide their advice in a personal capacity while continuing their current jobs.

Dr Cable said: "Tackling the challenges facing business requires new ideas from a range of experts. 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."

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