Thursday 22 September 2016 12:39 pm

Theresa May has axed an advisory panel of some of Britain’s top bosses

Theresa May has axed an advisory panel established by her predecessor to generate feedback from some of the UK's top bosses.

May has scrapped the Business Advisory Group launched by David Cameron in July 2015.

The news – first revealed by Sky News – comes just over a year after Cameron launched the group in the aftermath of the election to provide regular high-level advice to the Prime Minister.

It was supposed to meet on a quarterly basis, with senior ministers also expected to attend the sessions, and provide input on strategically important sectors.

Members included Legal and General chief executive Nigel Wilson, London Stock Exchange chief executive Xavier Rolet and Lloyd's of London chairman John Nelson.

Meetings were set to be chaired directly by Cameron, with George Osborne attending in his capacity as chancellor and then-business secretary Sajid Javid also expected to take part.

A spokeswoman for May said:"The PM will be engaging closely with the business community as she delivers on the Government's priorities: ensuring that we make a success of Brexit, showing the world that we remain outward looking and open for business, and also building a Britain that works for all its citizens.

"As you would expect, the PM will seek to draw on a range of advice and counsel from business going forward.

"She thanks the members of the former Business Advisory Group for their service and expertise."