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Mirror: https://archive.ph/Gi2F1 https://archive.ph/Gi2F1 > The UK chancellor is preparing a dramatic intervention to provide a cash lifeline to scores of tech
by samwillis 4y ago
Mirror: https://archive.ph/Gi2F1 https://archive.ph/Gi2F1
> The UK chancellor is preparing a dramatic intervention to provide a cash lifeline to scores of tech businesses next week as he seeks to contain the damage caused by the collapse of Silicon Valley Bank.
> Jeremy Hunt was looking to “avoid or minimise damage to some our most promising companies in the UK”, the Treasury said in a statement at 7.30am on Sunday.
> “We will bring forward immediate plans to ensure the short-term operational and cash flow needs of Silicon Valley Bank UK customers are able to be met,” the Treasury said.