Tesco chair­man at helm of Covid re­cov­ery com­mis­sion

The Daily Telegraph - Business - - Business - LaToya Hard­ing By

JOHN AL­LAN, the chair­man of Tesco, is to over­see a new Covid-19 eco­nomic re­cov­ery com­mis­sion, which will be en­dorsed by the Chan­cel­lor when it is launched to­mor­row.

The for­mer CBI pres­i­dent will be tasked with gen­er­at­ing pol­icy ideas for re­sus­ci­tat­ing the UK econ­omy after the pan­demic, Sky News re­ported.

Rishi Su­nak has agreed to en­dorse the Covid Re­cov­ery Com­mis­sion, ac­cord­ing to sources, how­ever it will not have a for­mal gov­ern­ment man­date.

Com­mit­tee mem­bers will in­clude busi­ness lead­ers such as John Hol­landKaye, Heathrow air­port boss; Sinead Lynch, Shell UK’s chair­man; Ruth Cairnie, chair­man of Bab­cock In­ter­na­tional and Manoj Badale, co-founder of tech­nol­ogy in­vestor Blen­heim Chal­cot.

Ex­ec­u­tives from phar­ma­ceu­ti­cal gi­ant As­traZeneca, telecom­mu­ni­ca­tions com­pany Voda­fone and land­lord Bri­tish Land will also be on board.

The panel is to de­velop “bold” pol­icy ideas for boost­ing pro­duc­tiv­ity, pro­mot­ing in­no­va­tion and en­cour­ag­ing busi­ness in­vest­ment.

Sky News re­ported that will in­clude a fo­cus on how the coro­n­avirus pan­demic has af­fected the “lev­el­ling up” agenda that was key to the Con­ser­va­tives’ cam­paign ahead of last De­cem­ber’s gen­eral elec­tion.

The com­mis­sion’s eco­nomic anal­y­sis will also be over­seen by Matthew Oak­ley, a for­mer Trea­sury ad­viser.

Econ­o­mists have warned that the UK could be fac­ing the big­gest eco­nomic hit in Europe amid sig­nals that ac­tiv­ity in the ser­vices sec­tor is pick­ing up more slowly than on the Con­ti­nent.

Bri­tons spent the least time at work­places and trans­port hubs in early June, ac­cord­ing to data tracked in 12 ma­jor Euro­pean economies by HSBC.

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