In this episode Christian is joined by Miles Celic, chief executive of The City UK – the membership group for financial and professional services, a sector accounting for 10 per cent of the UK’s economic output.
The sector is also under intense pressure to keep the economic wheels of the country turning during the crisis, and will have a huge role to play in rebuilding the economy in the months and years ahead.
Miles makes a spirited defence of the banking sector, which has been criticised for the low volumes of loans granted to businesses under the government’s schemes, and says the industry is doing everything it can to support as many people and businesses as possible.
Miles also discusses how the industry has coped with the logistical challenges of lockdown and considers how – and when – things could return to normal in the City of London and in the wider financial and professional sector across the country.
Also in this episode, Christian looks at the latest changes made to the Coronavirus Business Interruption Loan Scheme; the challenges facing private equity; and the colourful spat between Sir Stelios and the Easyjet board.
Listen to other City View podcasts so far:
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