Webcast: Banking on building back better- how can a stakeholder economy help rebuild the UK after COVID-19?
- 23 April 2021
- Webcast | Green Finance | Professionalism and Ethics | Video
The City Minister, John Glen recently called for UK banks and businesses to help build a new model of “responsible capitalism” after the pandemic. Glen made the comments in a collection of essays published by the Social Market Foundation (SMF) think-tank and the Chartered Banker Institute, in which a wide range of leaders call for a “stakeholder economy” approach to Britain’s recovery from the pandemic. "The importance of the stakeholder approach to the next phase of economic history cannot be understated. The dreadful pandemic that has caused such death and pain around the world has also created economic turmoil. Too much of that economic impact has been felt by people who already had less security and fewer resources than others.
To prove, once again, its worth to humanity, the capitalist economic model must generate and distribute new wealth to help address that uneven economic shock. "James Kirkup, Director, SMF. In this webcast, our CEO, Simon Thompson will discuss how businesses, and especially banks, must play their part in delivering an economy that works not as well as it did pre-COVID but better, and more fairly with two essayists and James Kirkup from SMF.
Chair Simon Thompson (CEO, Chartered Banker Institute) Panellists Charlotte Black (NED, Aberdeen Standard Asia Focus PLC) Frances Coppola (banking and finance commentator) James Kirkup (Director, Social Market Foundation)