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The Business Covenant

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Digby Jones: The New Troubleshooter

05/08/2014

BBC Radio 4 - The Business Covenant

Lord Digby Jones explores the relationship between business, government and society.

Lord Digby Jones explores the relationship between business, government and society and asks whether it is time to draw up a 'business covenant' outlining where obligations lie.

The financial crisis of 2008, exorbitant pay deals for bankers and business executives and high energy bills have all contributed to a collapse in the public's trust of big business.

Lord Digby Jones, former head of the employers' organisation the CBI and then a trade minister in the last government, examines whether the relationship between business, government and society has been fractured beyond repair. He asks if the answer might be a "Business Covenant" - a deal outlining business's obligations to society and what business can expect from Government in return.

Through interviews with business leaders and politicians he examines the case for a formalised deal for business. Could that restore trust in the companies that create the wealth on which the country depends?

Producer: Caroline Bayley
Editor: Richard Knight.

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