Skip to content
City PM
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Opinion
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Opinion
Monday 05 June 2023 10:17 am

BP and Heathrow join new BCC business council pitched as CBI rival

By: Jessica Frank-Keyes

Political Reporter

Add as a preferred source on Google
BP is expected to announce slowing profits and revenues for the first quarter of 2024, as it wrestles with lower oil prices and weaker refining margins than this time last year.

Top global firms have led the charge to support a new rival to the under-fire CBI lobbying organisation.

Energy giant BP, power firm Drax, Heathrow Airport and international hoteliers IHG have become founding members of the British Chambers of Commerce (BCC) business council.

The organisation is set to take on the Confederation of British Industry (CBI) for the crown as the UK’s premier industry voice.

It comes as the CBI prepares to enter a crunch week ahead of a crucial vote on Tuesday that will see members cast ballots on the organisation’s very survival.

Comprised of top national business leaders, the BCC’s new body aims to design and drive the future of the UK’s economy, with the four founding members a key part of the new national offer.

BCC director-general Shevaun Haviland and president Baroness Martha Lane Fox will meet with firms at a central London round table this afternoon to launch the scheme.

‘Different kind of representation’

The director-general said the BCC had spoken to “the nation’s largest corporates” in recent months and “it has become clear to us they are looking for a different kind of representation”.

A so-called ‘future of the economy initiative’, led by Lane Fox, will also focus on the issues of digital revolution; people and work; net zero; global Britain and challenges to the high street.

Read more

Brexit 10 years on: Business does not want a referendum rerun, says CBI chief

CBI Chief Economist Newton-Smith addressing economic trends at a business conference podium with charts in the background

Haviland added: “These challenges will form the backdrop to the next general election, which we know will come before the end of next year, and which everyone in Westminster is already gearing up for. 

“The voice of business needs to be heard loud and clear, and now is the right time for us to speak up.”

Heathrow CEO John Holland-Kaye said his firm was “delighted” to become a “proud founding member” of the BCC’s business council.

‘Invaluable asset’

Ross McKenzie, Drax corporate affairs director, said the company had a “long-standing and successful relationship” with the BCC and this was the “next step in our journey”.

While Yasmin Diamond, executive VP at IHG Hotels & Resorts, said the initiative “provides a new way to participate in the national policy debate” and would be an “invaluable asset”. 

And Louise Kingham, senior Europe VP at BP, added: “The UK needs to retain its international competitiveness and it is essential that the voice of business is heard.  

“We are therefore delighted to become a founding partner of the new business council.”  

The CBI has been approached for comment.

Read more

CBI: 200,000 more Brits to face unemployment this year as growth crumbles

People waiting outside a job centre, highlighting unemployment issues and job search challenges in the current economy.

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • News

Categories

  • Business

Related Topics

  • BP
  • Canada Chamber of Commerce
  • Confederation of British Industry
  • Drax Group
  • Heathrow airport
  • InterContinental Hotels Group
  • London business

Trending Articles

  • Top Burnham adviser calls for capital gains and inheritance tax hikes

  • A meeting with the breakfast king of Mayfair

  • As it happened: Stocks jump on defence and metals boost; Oil on track to shed a fifth on US-Iran peace hopes

  • Housebuilding giants hit with £4.5bn lawsuit for allegedly overcharging buyers

  • Clarkson’s Farm and why businesses must stop blaming the weather

More from City PM

  • Brexit 10 years on: Business does not want a referendum rerun, says CBI chief

    Business
    CBI Chief Economist Newton-Smith addressing economic trends at a business conference podium with charts in the background
  • CBI: 200,000 more Brits to face unemployment this year as growth crumbles

    Economics
    People waiting outside a job centre, highlighting unemployment issues and job search challenges in the current economy.
  • ‘Tipping point’: CBI boss slams £345bn business tax burden amid ‘cost of doing business’ crisis

    Economics
    Rain Newton-Smith addressing audience at a business conference, wearing a professional suit and speaking at a podium.
  • As it happened: FTSE 100 and Wall Street hit by stock sell-off; CBI cuts UK GDP

    Markets
    Keanu Reeves at a press conference with journalists, wearing a tailored suit and engaging with the media in a professional...
  • Government should fix ‘stubbornly weak’ growth with policy test, industry body argues

    Business
    Keanu Reeves looking contemplative, highlighting his expressive face, suitable for a news article on his recent film project.
  • Ministers open door to phased Heathrow third runway plan

    Aviation
    Heathrow Airport terminal bustling with travelers and staff, showcasing modern architecture and international flight activity
  • Steel tariffs watered down after industry backlash

    Industrials
    Britains steel industry facing challenges with potential shutdowns and job losses, highlighting economic impact.
  • Zack Polanski: I have a ‘serious vision’ for UK businesses

    Politics
    Zack Polanski addressing a business audience at a conference podium, engaging in a discussion on economic strategies

City PM — European politics, business and analysis.

Europe

  • Germany
  • France
  • Europe
  • UK & Ireland

Topics

  • Business
  • Markets
  • AI
  • Technology
  • Opinion
  • Energy

More

  • Politics
  • Economics
  • Fintech
  • Legal
  • Sport
  • Life

Company

  • About City PM
  • Editorial Policy
  • Corrections
  • Contact
  • Terms of Use
  • Privacy Policy
  • Cookie Policy
© 2026 City PM · Published by CityPM Media, Bahnhofstrasse 65, 8001 Zürich, Switzerland
About · Editorial Policy · Corrections · Contact · Privacy