With Friends Like These….

Yes, Minister: business chiefs get buddy hotline, The Times, 23 Sep 2011

There are many possible advantages…

  • cutting through red tape, bureaucracy
  • a better official understanding of big business problems, skill shortages, etc
  • help in reducing policy time lags/mistakes
  • better informed, less uncertain companies

…. but quite a few problems as well

  • big businesses will probably benefit far more than SMEs
  • huge potential for lack of transparency and regulatory capture
  • official favouritism will be a constant concern
  • cynics will argue this is just another avenue for corrupt politics