Sector Regulation Sector Regulation

City lobby group calls for UK government equity stakes in ailing firms

By Fiona Maxwell
  • 11 May 2020 05:38
  • 11 May 2020 05:38

The City of London’s major lobby group has suggested that companies laden with debt due to Covid-19 should be offered government-led tools to help them rebuild their capital, including public equity stakes.

TheCityUK set out its thinking in a letter to Bank of England Governor Andrew Bailey today, citing a need

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Fiona Maxwell

Senior Correspondent

Fiona Maxwell is a financial services senior correspondent at MLex in London. She began her career as a reporter for, writing about EU post-crisis regulation, and later worked for POLITICO in Brussels, covering the intersect between financial policy and politics. Prior to joining MLex, Fiona worked at the Bank of England as a policy adviser in the prudential policy directorate.

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