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. 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), Baroness Morgan said financial services had a big opportunity not only to support its custo...
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