Not all businesses will be able to survive the coronavirus pandemic and there will be inevitable job losses as the country emerges from lockdown, Nicky Morgan has said.
Baroness Morgan of Cotes, the former Culture Secretary and chair of the Treasury Select Committee, said redundancies and company failures in certain sectors, such as hospitality, were unavoidable. John Glen: Financial services growth and competition will be fostered post-crisis However, she added: "How the financial services sector responds to supporting those will be very important. Businesses that are perfectly viable but struggling to open will need support." Speaking at the Personal Investment Management & Financial Advice Association (PIMFA) Virtual Fest today (3 June), Barone...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
