Face to Face: Richard Lambert

The acclaimed head of the CBI is playing a vital role in communicating the voice of business to Britain’s new coalition Government.

When Richard Lambert was appointed head of the CBI he was praised by the Bank of England chief Mervyn King for his ability to bring a broad view to the table and “get to the nub of the question” quickly and succinctly.

Great insight indeed, considering that four years later the CBI was praising the new government for giving the bank greater powers.
Commenting on the latest Queen’s Speech, the organisation that represents 240,000 businesses said: “Giving the Bank of England clear responsibility for the big picture, as well as additional oversight of micro-prudential regulation, should strengthen the authorities’ ability to identify and manage emerging risks.
“This would avoid causing major regulatory upheaval at a time when the financial system remains in rehabilitation.”

Read more in the June issue of First for Business.