David Cameron renewed his calls for global action for growth last night and it seems that the work begins at home. The Times reports (£) that 50 of Britain’s largest companies will be given direct access to ministers and officials. Corporate bodies will be designated an “account director”, who, despite what that title might suggest, is a cabinet minister rather than a junior advertising exec. The scheme is not yet finalised, but it seems that the labour will be divided thus:
‘Vince Cable, the Business Secretary, will act as what officials are calling “an account director” to Britain’s oil and gas giants Shell, BP and BG. David Willetts, the Universities and Science Minister, will be the contact for the life science companies GlaxoSmithKline, Novartis and Astro Zeneca. General Electric will be paired with Lord Green. Jeremy Hunt, the Culture Secretary, will deal with information and communication technology companies. Mark Prisk, the Business and Enterprise Minister, will deal with automotive companies active in the UK, including Jaguar Land Rover owned by Tata, Toyota, Nissan, Honda, General Motors and BMW, as well as aerospace companies.
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