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.
この記事は Evening Standard の February 09, 2023 版に掲載されています。
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この記事は Evening Standard の February 09, 2023 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
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