The Government has moved to organise a global summit that will take place during the Olympic Games and highlight the British retailing industry. They hope that the timing of the summit, when all eyes will be firmly onBritain, will help to market British retail to companies and individuals throughout the world. A line-up of prestigious speakers have been organised to give speeches during the event. Prime Minister David Cameron believes this and 13 other similar summits will help raise £1bn in business for the country.

The Retail, Food and Drink summit will feature the likes of Marc Bolland from Marks & Spencer and Steffano Pessina of Alliance Boots. The Prime Minister hopes that high profile names like this and the timing of the summits to coincide with the Olympic Games will help encourage investment and exports to boost the UK economy at a time when it desperately needs inflating.

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