Magazine article Public Finance

Capita Poised to Leave Influential CBI Committee

Magazine article Public Finance

Capita Poised to Leave Influential CBI Committee

Article excerpt

Capita, one of the UK's largest government outsourcing companies, is set to stand down from the CBIs influential public services board, Public Finance has learnt.

Executives at the FTSElOO-listed company, whose founder, Rod Aldridge, chaired the CBI s Public Services Strategy Board until the summer, are understood to have discussed Capita's intention to withdraw its membership at a recent meeting.

The PSSB regularly hosts events and meetings attended by ministers and senior Whitehall officials in charge of contracting. But the CBI stressed that Capita's impending withdrawal would not affect its lobbying and research work.

A CBI spokesman told PF: 'Capita was a valuable founding member of the CBIs PSSB. It is understood that it may be considering standing down from the board when its current subscription lapses.'

Sources suggested that Capita could stand down from the CBI altogether, as its executives consider a lower profile following the resignation of Aldridge in September.

He resigned after Opposition MPs raised concerns that his £lm loan to the Labour Party could have influenced government contracting decisions. …

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