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Minister rules out UK Beis Department rebrand to cut out industrial strategy : CityAM

Business minister Paul Scully said the department was "still going to be Beis as far as I know" and ruled out a rebrand any time soon.

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Kwarteng axes star-studded council with hint at BEIS rebranding

Kwarteng axes star-studded council with hint at BEIS rebranding Mark Kleinman, City editor Kwasi Kwarteng, the business secretary, is axing a star-studded committee of business leaders appointed to advise on the government s progress in delivering its industrial strategy just two-and-a-half years ago. © PA Business secretary Kwasi Kwarteng has notified members of the council that they are no longer required Sky News has learnt that Mr Kwarteng, who took over from Alok Sharma earlier this year, notified the 16 members of the Industrial Strategy Council on Wednesday that their services were no longer required. He said the government had decided to mark a departure from the Industrial Strategy brand , implying that the department he runs - Business, Energy and Industrial Strategy - is likely to face yet another renaming in the coming months.

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U K Scraps Big-Name Business Panel Led by Bank of England s Haldane

U.K. Scraps Big-Name Business Panel Led by Bank of England’s Haldane Bloomberg 3/4/2021 Alex Morales © Bloomberg Andy Haldane, chief economist of the Bank of England, poses for a photograph following an interview in London, U.K., on Tuesday, May 14, 2019. Haldane has a reputation for views that go against groupthink, despite spending more than a quarter century at Threadneedle Street. (Bloomberg) U.K. Business Secretary Kwasi Kwarteng scrapped a panel of high-profile business advisers that was set up 2 1/2 years ago to advise the government on its industrial strategy. The panel will close on April 1, Kwarteng told its 16 members, including Chairman Andy Haldane the Bank of England’s chief economist in a letter dated Wednesday and seen by Bloomberg. He said he’d taken the decision with Chancellor of the Exchequer Rishi Sunak, because the U.K. is “in a completely different economic situation” from when the council was conceived in 2017.

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Business leaders condemn sad and bad decision to axe UK s industry strategy panel | Business

Group led by Bank of England economist ditched in favour of government’s ‘plan for growth’

United kingdomAlok sharmaAndy haldaneMick whitleyCharlie mayfieldMatthew taylorGreg clarkArchie normanStephen phipsonKwasi kwartengMarks spencerRoyal society of artsJohn lewis partnershipIndustrial strategy councilRoyal societySir charlie mayfield

How a string of scandals forced out the boss of McKinsey

How a string of scandals forced out the boss of McKinsey Management consultancy has acted as a “CEO farm” for decades, but is facing tough questions over its role in the US opioid crisis 25 February 2021 • 6:32pm A management consultant is someone who asks for your watch and then tells you the time, according to an old joke at least. Despite widespread cynicism about consultants’ value, big business has always been willing to pay for advice from McKinsey. The prestigious firm is a CEO farm, cultivating generations of business and government leaders from Sir Charlie Mayfield, the former John Lewis chairman to Tidjane Thiam, the deposed Credit Suisse boss.

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