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Truss picks former EDF Energy lobbyist Stott to head No 10 business relations | Business News



Liz Truss has selected a former EDF Energy executive to lead Downing Street’s business engagement strategy as she seeks to position her administration on a pro-business basis.

Sky News has learned that Michael Stott, who is also a former Conservative Party press officer, has been recruited by the new prime minister as head of business liaison at Number 10.

The appointment saw Mr Stott replace Alex Hickman, who held the role during a tumultuous two years under Boris Johnson.

The business liaison office at 10 Downing Street is seen by private sector directors as an important site as it serves as a channel to reflect concerns about the UK economy and UK policy. government.

Under Mr Johnson and his predecessor, Theresa May, the business community repeatedly complained of being frozen by ministers.

In her first two weeks on the job, Ms. Truss cast an unrepentant pro-business tone, paving the way for the Small Budget cuts this weekend.

The new prime minister and her prime minister, Kwasi Kwarteng, are also said to be preparing to abandon an EU-imposed cap on bankers’ salaries, a policy decision many Tories believe could be counterproductive. during the cost of living crisis.

Mr. Stott has worked for public affairs, or lobbying, companies including the Lansons, Luther Pendragon and Hill & Knowlton.

He spent three years with the French state-controlled energy group EDF, one of the UK’s largest retail energy suppliers, and was heavily involved in the company’s new build nuclear program. government.

His appointment was confirmed by a Downing Street insider.

The new head of business liaison is understood to have begun meeting with private sector executives in his new role over the past week.

On Wednesday, Ms. Truss will meet more than a dozen company bosses to discuss her fledgling economic strategy.

It is unclear if she plans to set up a business advisory board of the kind set up by some of her predecessors.

Downing Street declined to comment.



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