Business leaders to advise mayor

A group of 47 business leaders will be advising Mayor Boris Johnson on how to make London attractive to companies looking to invest.

The International Business Advisory Council for London (IBAC London) consists of bosses from the world's leading companies.

The group is chaired by Sir Martin Sorrell, CEO of advertising firm WPP.

The group will advise on developing opportunities, initiatives and ideas to make London appealing for businesses.

Games important

Mr Johnson said the city attracts people from around the world, and its varied culture contributes to its "vibrancy".

"London is also widely seen as one of the foremost global cities in which to do business and ensuring that it maintains and builds on this position is something we all have a large stake in maintaining."

Sir Martin said: "IBAC London will be challenged with providing ideas and advice for the Mayor of London to help develop London's economic and business policy over the years to come.

"A successful Games (2012 Olympics) is clearly of enormous importance to London and London's business."

The group will hold their first summit on 5 October.

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