The City View, from City A.M., with Stephen Jones - CEO of UK Finance

In this episode, Christian is joined by Stephen Jones, CEO of banking industry group UK Finance, which is at the heart of the Coronavirus Business Interruption Loan Scheme (CBILS). In a wide-ranging and candid conversation, Stephen talks about how the CBILS came into being; the problems it faced in its first few weeks; the difficulties still dogging the application process; and the wider measures put in place by lenders to support businesses. Stephen also shares his concerns about the difficulties that will come to the fore once government support mechanisms, such as the job retention scheme, start to be withdrawn.  Also in this episode, Christian looks at the latest grim forecast from the Bank of England; Sir Martin Sorrell's assessment of the business landscape; and the possible O2-Virgin mega-merger.  See omnystudio.com/listener for privacy information.