for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up

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.

Breakingviews

Reuters Breakingviews is the world's leading source of agenda-setting financial insight. As the Reuters brand for financial commentary, we dissect the big business and economic stories as they break around the world every day. A global team of about 30 correspondents in New York, London, Hong Kong and other major cities provides expert analysis in real time.


Sign up for a free trial of our full service at https://www.breakingviews.com/trial and follow us on Twitter @Breakingviews and at www.breakingviews.com. All opinions expressed are those of the authors.

for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up