The Commission on Public Policy and British Business was set up in April 1995 at the instigation of Baroness Blackstone and Lord Hollick. After wide consultation with business, policy-making and academic communities, this commission identified failings and successes in UK economic performance and set out a wholly different vision of public policy towards business.

It argued that government should strike the right balance between promoting competition, encouraging co-operation, and ensuring the supply of high quality inputs, to provide the right incentives and environment for private business to perform better.

The commission published several reports, as outlined below.

• Promoting Prosperity  outlines the commission's main findings
  
• Employee Training: Inequal access and economic performance
  
• Could Finance do more for British Business?
  
• Globalisation: Winners and Losers
  
• The Future of UK Competition Policy
  
• Competitiveness and Corporate Governance.