The former chancellor tells Sky News when it comes to opening up business, 'you want to go as far and as quick as you can'.
When it comes to the banking system, the former chancellor and investment banker said he is"worried about the health of our banks" and said they might have to be forced to raise more capital to ensure they do not just absorb losses but also continue lending.
"So, we need to have banks that aren't taking let's say sort of a 'safety-first crash position'. We have to stand up tall, be confident and lend to British business. That's what I'm concerned about."Ministers might also need to provide some sort of support for banks for their worst-performing loans. Mr Javid is the most prominent Conservative to also publicly call for the economy to be opened as swiftly as possible so that new cases and casualties of the virus would continue but within the capacity of the NHS to cope."We're going to have to co-exist with this virus for I think many months, if not potentially years. But we've got to find a way forward and that does mean you're relaxing, as much as you can," he said.
He is publicly making the argument that the current chancellor and Michael Gove, the Cabinet Office minister, have been reportedly been making privately in recent weeks - echoing the concerns of Conservative MPs and donors.the R number is below 1 One option might be to have different rules for different age groups in order to both try to protect the elderly and those more vulnerable to"We shouldn't rule out an option that focuses on protecting the most vulnerable but gives more freedom to others," he added.
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