Although there is still acceptance in government of the benefits of capitalism as a means to deliver prosperity, the Prime Minister has, in response, spoken of the need for a ‘new economic approach that works for everyone’; with businesses needing to reform.
Our Fairer Capitalism event, bringing together senior business representatives to debate what this means in practice, was therefore timely. What opportunities might a regulatory upheaval create and what could a new blueprint for capitalism look like? Is more regulation necessary and how can we encourage more investment for the long-term?
This report is a summary of that debate and the views of our expert panel drawn from across the political and business worlds, including:
- Robert Bourns – President of The Law Society of England & Wales, TLT Partner.
- Claire Fox – Director of the Institute of Ideas and regular Question Time panellist.
- Sir Callum McCarthy – Former Chairman of the Financial Services Authority and on the Court of the Bank of England from 2003 to 2008. Also former Energy Regulator.
- Sir Michael Rake – Chairman of BT Group plc and Worldpay Group plc, Director of S&P Global and Former President of the CBI.
- Lord David Willetts – Executive Chair of the Resolution Foundation, Visiting Professor at King’s College London, Governor of the Ditchley Foundation and a member of the Council of the Institute for Fiscal Studies.
- Dame Fiona Woolf – Lord Mayor of London 2013/14, Chair of the Advisory Board of the continuing Power of Diversity programme for the City Corporation and member of the Women’s Business Council.
We hope you find it an insightful read.