‘Outstanding’ business leader starts his new job selling Britain to global investors

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The FORMER chief executive of BT has taken on ministerial responsibility for selling Britain overseas.

Lord Livingston, who yesterday succeeded Lord Green as Trade and Investment Minister, will be charged with helping to narrow the UK’s the trade deficit.

Prime Minister David Cameron said: “Ian Livingston is an outstanding business leader and it is a testament to the importance of this role that he has agreed to serve in the government in this capacity.

“I know that he will make an invaluable contribution to our plan to help secure Britain’s long-term economic future, by helping to open new trade links and grow our exports.”

The Glaswegian said he was honoured to start the new role.

He added: “The UK has some of the best and most dynamic companies in the world and has one of the most open business environments for investment.

“Last week I joined the Prime Minister on his trade mission to China and it highlighted the real opportunities for the UK and its companies.

“I am looking forward to the important work ahead, encouraging more UK firms to export and promoting this country as a world leading destination for inward investment.”

Lord Green, the former chief executive of HSBC, said he was proud to have served as a minister.

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