The Board of Trade is a British government body concerned with commerce and industry, currently within the Department for Business and Trade. Its full title is The Lords of the Committee of the Privy Council appointed for the consideration of all matters relating to Trade and Foreign Plantations, but is commonly known as the Board of Trade, and formerly known as the Lords of Trade and Plantations or Lords of Trade, and it has been a committee of the Privy Council of the United Kingdom. The board has gone through several evolutions, beginning with extensive involvement in colonial matters in the 17th century, to powerful regulatory functions in the Victorian Era and early 20th century. It was virtually dormant in the last third of the 20th century. In 2017, it was revitalised as an advisory board headed by the International Trade Secretary who has nominally held the title of President of the Board of Trade, and who at present is the only privy counsellor of the board, the other members of the present board filling roles as advisors.
The Board of Trade circa 1808.
Lloyd George and Winston Churchill in 1907
Department for Business and Trade
The Department for Business and Trade (DBT) is a ministerial department of the Government of the United Kingdom. It was established on 7 February 2023 by a cabinet reshuffle under the Rishi Sunak premiership. The new department absorbed the functions of the former Department for International Trade and some of the functions of the former Department for Business, Energy, and Industrial Strategy.
Old Admiralty Building, Westminster
Image: Kemi Badenoch official Cabinet Portrait; 2022 (cropped)
Image: Official portrait of Kevin Hollinrake MP crop 2
Image: Dominic R.A. Johnson