BoE's Bailey urges banks to fund post-COVID changes to UK economy

LONDON, Nov 17 (Reuters) - Britain's economy is undergoing
lasting changes as a result of the COVID-19 pandemic and the
country's financial services industry must make a "major
commitment" to support finance investment, Bank of England
Governor Andrew Bailey said.

"None of us have good answers yet to how much these changes
will persist, or even increase. But my best guess is that there
will be lasting changes," Bailey said in a speech to TheCityUk,
a financial services industry group.

(Reporting by Andy Bruce
Writing by William Schomberg
Editing by Alistair Smout)