World News

UK Treasury and BoE urge bankers to help firms through virus crisis

LONDON (Reuters) – British finance minister Rishi Sunak and Bank of England Governor Mark Carney met banking industry representatives on Thursday to urge them to support small and medium-sized companies hit by the spread of coronavirus.

“Today’s summit demonstrates that the government’s response is clearly and closely coordinated with the Bank of England, and that we are working with the banking sector to do everything it takes to support businesses through this difficult time,” Sunak said in a statement.

The meeting was also attended by BoE Governor-designate Andrew Bailey.

(Writing by William Schomberg; editing by Stephen Addison)