Lord Bhattacharyya of Moseley is on speed-dial for primary ministers and captains of business because Margaret Thatcher initial sought his advice on how to reshape British market along with her bold privatisation programme.
Bhattacharyya, the 77-year-old regius professor of manufacturing and chairman of Warwick university’s Manufacturing Group (WMG), can also be a business adviser and close confidant of Ratan Tata, former chairman and figurehead of Tata Group, the Indian conglomerate that owns Jaguar Land Rover (JLR), Tata Metal and Tetley Tea.
The manufacturing guru assisted broker the 2008 deal for Tata to buy JLR from Ford and was intently involved in the 2007 acquisition of Corus to type Tata Steel Europe.
Whilst the car company has roared on to good results, the metal business has struggled via headwinds brought on by inexpensive Chinese steel and higher energy costs.
A offer to merge the european steel operations of Tata with ThyssenKrupp, a German rival, was announced late previous month after Tata eliminated a major impediment by offloading its United kingdom retirement fund in August. The Indian group ditched the £15bn British Metal pension scheme, inherited inside the Corus deal, which threatened the survival of its United kingdom business.
Bhattacharyya believes the proposed tie-up will safe a brighter future for the metal business. “It will likely be far better with ThyssenKrupp. Or else it will get isolated,” he says. “In Britain, the vitality expenses are so large, so the penalty large industries must pay has to be checked out [by government].”
The Remainer thinks that erecting barriers to the free movement of competent workers and imposing expenses on items flowing in between Britain and also the EU will inevitably have some impact. So, exactly what does Britain require from your Brexit deal for market to flourish? “Free motion of skilled individuals and no tariffs,” he says, with out hesitation.