Sector Regulation Sector Regulation

UK finance industry calls for new state-funded body to recapitalize debt-laden SMEs

By Fiona Maxwell
  • 15 Jul 2020 18:31
  • 15 Jul 2020 12:56

The UK finance industry has called for a government-led body to be set up to help businesses saddled with debt due to Covid-19, reiterating its warning that urgent action is needed to avoid widespread insolvencies.

This new UK Recovery Corporation would issue, hold and manage the government-backed unsustainable debt held by

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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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