Yes minister, this week it's your turn to be Business Secretary
Evening Standard|February 09, 2023
EIGHT and a half months is roughly the life expectancy of a beetle or some longer-lived butterflies.
Daniel O'Boyle
Yes minister, this week it's your turn to be Business Secretary

It's also the average term of the last five Business Secretaries.

Andrea Leadsom was in the role for just six-and-a-half months before being removed in Boris Johnson's February 2020 reshuffle. Alok Sharma's run was just under a year before he left to be president of COP26.

Kwasi Kwarteng was a relative stalwart with 20 months in the post. When he was promoted to Chancellor, Jacob Rees-Mogg became Business Secretary. Both were gone within 50 days as the mini-Budget fiasco toppled the Truss government.

Grant Shapps then enjoyed a three-and-a-half month tenure before Rishi Sunak's decision this week to merge the business and trade department. That brings to Kemi Badenoch: the sixth Business Secretary in three years.

Does it matter for business that nobody can hold down such a key position for long?

"It isn't a positive thing," says Roger Barker, director of policy and corporate governance at the Institute of Directors. "Business really needs long-term thinking. It is in need of a long-term strategic approach that extends beyond the political and electoral cycle."

For some sectors - particularly those heavily involved in industrial production like automotives - a change in who is in charge of the UK industrial strategy can mean concrete policy changes.

Esta historia es de la edición February 09, 2023 de Evening Standard.

Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.

Esta historia es de la edición February 09, 2023 de Evening Standard.

Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.

MÁS HISTORIAS DE EVENING STANDARDVer todo
Don't Want Botox? Then Try These Alternatives
The London Standard

Don't Want Botox? Then Try These Alternatives

From microcurrents to lasers, there are other ways to tackle ageing skin, says Madeleine Spencer

time-read
5 minutos  |
October 31, 2024
It's high time the Borthwick regime delivers on promise
The London Standard

It's high time the Borthwick regime delivers on promise

England boss needs a statement win and the All Blacks are up first

time-read
3 minutos  |
October 31, 2024
Bukayo Saka
The London Standard

Bukayo Saka

The making of a London icon

time-read
6 minutos  |
October 31, 2024
Even Ridley Scott thinks our big screens are epic
The London Standard

Even Ridley Scott thinks our big screens are epic

Outernet is now one of London's top attractions --but the man behind it isn't resting on his laurels

time-read
4 minutos  |
October 31, 2024
Laura Bailey on why Margate is her favourite escape in the UK
The London Standard

Laura Bailey on why Margate is her favourite escape in the UK

Incredible light, sea air, galleries galore and only two hours from Victoria: it's the model and photographer's dreamland...

time-read
5 minutos  |
October 31, 2024
The Old Operating Theatre
The London Standard

The Old Operating Theatre

St Thomas Street, SE1

time-read
4 minutos  |
October 31, 2024
Can drugs like Ozempic really help to getthe economy firing again?
The London Standard

Can drugs like Ozempic really help to getthe economy firing again?

Labour's plan to give the unemployed weight-loss jabs may have unintended consequences, reports William Hosie

time-read
2 minutos  |
October 31, 2024
AI is the new frontier of perfumery...But just how fragrantare these scents?
The London Standard

AI is the new frontier of perfumery...But just how fragrantare these scents?

Choosing a signature scent is a highly personal experience. Not only do preferences differ greatly, but certain perfumes react differently depending on your skin. Bergamot top notes may be intoxicating on one person's wrist, but seem soapy on another.

time-read
1 min  |
October 31, 2024
Is it time to ditch the apps and embrace the science of love at first sight?
The London Standard

Is it time to ditch the apps and embrace the science of love at first sight?

The chemistry of love isn't just a romantic ideal - it's a scientific reality, discovers

time-read
4 minutos  |
October 31, 2024
A poetic puzzlebox
The London Standard

A poetic puzzlebox

This lyrical novel sets out to dazzle and terrify

time-read
3 minutos  |
October 31, 2024