The Liberal Democrats have selected Sir Edward Davey MP as their new leader.
Commenting on the news Miles Celic, Chief Executive Officer, TheCityUK said,
Congratulations to Ed Davey on becoming leader of the Liberal Democrats. I look forward to working with him and his team to ensure the UK’s financial and related professional services sector retains its global pre-eminence and continues to serve its customers well.
“Ensuring the UK recovers strongly after COVID will no doubt be at the top of his agenda, and helping SMEs with the billions of unsustainable debt they have taken on to weather the crisis should be a priority. Up to three million jobs are at stake and TheCityUK and EY have put forward recommendations to convert, restructure and repay this debt.”