UK business leaders condemn ‘sad and bad’ axing of industrial strategy panel

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

Business leaders have criticised Kwasi Kwarteng, the business secretary, for shutting down the Industrial Strategy Council, the government's in-house thinktank plotting the regeneration of Britain's hard-pressed regions.

The decision to disband the council, which was led by the Bank of England's chief economist, Andy Haldane, was called a sad and bad" decision by Matthew Taylor, the chief executive of the Royal Society for Arts, Manufactures and Commerce.