BoE's Bailey urges banks to fund post-COVID changes to UK economy

LONDON, Nov 17 (Reuters) - Britain’s economy is undergoing lasting changes as a result of the COVID-19 pandemic and the country’s financial services industry must make a “major commitment” to support finance investment, Bank of England Governor Andrew Bailey said.

“None of us have good answers yet to how much these changes will persist, or even increase. But my best guess is that there will be lasting changes,” Bailey said in a speech to TheCityUk, a financial services industry group.


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