The UK forum for economic consultation between government, management, and trade unions.
It examines the country's economic and industrial performance, in both the public and private sectors, and seeks agreement on ways to improve efficiency. It was established in 1962; its role diminished during the 1980s.
The emblem was added to distinguish the flag from that of Italy. The design is based on the French tricolour. The colours are those of the Mexican liberation army. Effective date: 23 November 1968.