The boss of Universal Music Group and the style designer Anya Hindmarch are amongst a coterie of British enterprise leaders being lined as much as be part of a revamped authorities Board of Trade.

Sky News has learnt Hindmarch, the UMG chairman and chief govt Sir Lucian Grainge and Tim Bevan, the co-founder of movie producer Working Title are anticipated to be appointed by Kemi Badenoch, the enterprise and commerce secretary.

Sources mentioned an announcement is anticipated later this month.

The Board of Trade was initially established as a automobile for selling worldwide commerce hyperlinks within the seventeenth century, however was dormant for many years till its revival in 2017.

Ms Badenoch serves as its president, and is alleged by Whitehall insiders to be eager for it to achieve larger prominence beneath her stewardship.

Comprising completely different membership, it has already met since she took on ministerial accountability for worldwide commerce.

Last month, Ms Badenoch travelled to India forward of the G20 summit there to carry renewed talks a couple of commerce deal between the 2 nations.

Sky News revealed this weekend that Tata Steel, the Indian-headquartered firm, was in advanced negotiations with the government about a £500m state aid package to safe the way forward for its Port Talbot plant in South Wales.

The identities of the remaining members of the Board of Trade have been unclear this weekend.

A spokesperson for the Department for Business and Trade declined to touch upon Sunday.