Tesco chairman at helm of Covid recovery commission
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.