UK working on cash lifeline for tech firms hit by Silicon Valley Bank collapse

Jeremy Hunt had meetings with Rishi Sunak and Bank of England governor over ‘high-priority’ issue

The UK government is drawing up plans for an emergency cash lifeline for tech firms hit by Silicon Valley Bank UK’s (SVB UK) collapse that could help avoid any losses for startups that the chancellor, Jeremy Hunt, warned were at “serious risk”.

The chancellor said the issue was a “high priority” for the government, and that he had been locked in late-night meetings with the prime minister, Rishi Sunak, and the Bank of England governor, Andrew Bailey, in an attempt to avoid further fallout from the collapse of SVB UK’s American parent company on Friday. It marked the largest failure of a bank since the 2008 financial crisis.

Continue reading…

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

@AirAcademy

Starmer says Labour is ‘party of lower taxes for working people’ as he launches local election plan – UK politics l… https://t.co/NNrHgAjxEP

Posted on: 2023-03-30 10:24

@KnittedKittie

RT @RachelReevesMP: NEW: A Labour Government would freeze council tax this year - paid for with a proper windfall tax on oil and gas giants…

Posted on: 2023-03-30 10:24

@ChrisPenberthy

RT @PlymouthLabour: Plymouth Labour is launching its bold plan to 'green' the city centre should it take control of the council in May. We'…

Posted on: 2023-03-30 10:23

@SeanLinleyCosts

A reminder of the looming QOCs changes with the @CostsLawyers quoting our previous thoughts on them. If you're no… https://t.co/dSy6bxtAJA

Posted on: 2023-03-30 10:23

@YHEC1

YHEC is currently recruiting a Research Assistant. The primary purpose of this role is to undertake research and a… https://t.co/Wd3bP0lV3P

Posted on: 2023-03-30 10:22

@DanielaMSYP

RT @FiYouthServices: Welcome to Your Vote -a youth event with a focus on democracy Tickets, Thu 30 Mar 2023 at 16:30 | Eventbrite We’re w…

Posted on: 2023-03-30 10:22

@wilsondan

RT @ThirdSectorLab: Want your team to learn writing for the web skills? Want to better understand why working in the open is so powerful?…

Posted on: 2023-03-30 10:21

@ShirleyALedlie

RT @DevonPianist: #VAT in the UK is 50 this year! My memoir about working as a VAT inspector is a historical record back int he day when m…

Posted on: 2023-03-30 10:20

@workingfamUK

RT @xandrarama: Our research report on flexible working during Covid-19 and beyond is out now! "Future-Proofing Your Flexible Workforce" h…

Posted on: 2023-03-30 10:20

@_green__nic_

RT @drclairetaylor: All going not well then. 75% increase in Covid cases in UK in less than 2 weeks. 5 waves of Covid in a year already a…

Posted on: 2023-03-30 10:20

@StormyWatersOne

RT @drclairetaylor: All going not well then. 75% increase in Covid cases in UK in less than 2 weeks. 5 waves of Covid in a year already a…

Posted on: 2023-03-30 10:19

@GillFarrell7

RT @RachelReevesMP: NEW: A Labour Government would freeze council tax this year - paid for with a proper windfall tax on oil and gas giants…

Posted on: 2023-03-30 10:18

@ThirdSectorLab

Want your team to learn writing for the web skills? Want to better understand why working in the open is so powerf… https://t.co/uuDHpxqXpK

Posted on: 2023-03-30 10:18

@PermaBags

RT @RachelReevesMP: NEW: A Labour Government would freeze council tax this year - paid for with a proper windfall tax on oil and gas giants…

Posted on: 2023-03-30 10:17

@DJohnsonDrama

Today is #WorldBipolarDay2023 . I knew so little about Bipolar before working on "An Evening With Me, Myself & Bipo… https://t.co/EbJsHx2qnz

Posted on: 2023-03-30 10:17

@TimesSpecialTOI

The UK #space agency and the British company #RollsRoyce — which provides cutting edge technologies in the #power s… https://t.co/ogPynait7i

Posted on: 2023-03-30 10:17

@uberrimaefidei1

RT @drclairetaylor: All going not well then. 75% increase in Covid cases in UK in less than 2 weeks. 5 waves of Covid in a year already a…

Posted on: 2023-03-30 10:17

@cl_dawson

RT @drclairetaylor: All going not well then. 75% increase in Covid cases in UK in less than 2 weeks. 5 waves of Covid in a year already a…

Posted on: 2023-03-30 10:17

@HwatchDorset

To find out how #DorsetInnovationHub is working with local communities to improve health and care, join the… https://t.co/XmM2MUG8dK

Posted on: 2023-03-30 10:16

@Paula_JKnight

RT @drclairetaylor: All going not well then. 75% increase in Covid cases in UK in less than 2 weeks. 5 waves of Covid in a year already a…

Posted on: 2023-03-30 10:16

@jemimalaing

RT @PlymouthLabour: Plymouth Labour is launching its bold plan to 'green' the city centre should it take control of the council in May. We'…

Posted on: 2023-03-30 10:15

@drivers_norris

Did you know that, according to @NAPB_, there's a rising fraud trend that sees fraudsters targeting🏡deposit payment… https://t.co/OAuSQG5URa

Posted on: 2023-03-30 10:14

@JimmyRutledge8

RT @Britain_People: PROTEST: Pensions 🔴WE'RE DYING YOUNGER and WORKING LONGER We should be on the streets campaigning to LOWER the age of…

Posted on: 2023-03-30 10:14

@HMRCcustomers

@PeedrrHope Thanks for waiting. An individual will not pay UK tax on any employment duties which are carried out wh… https://t.co/ecG3UdOeyS

Posted on: 2023-03-30 10:14

@ReSpectLabKCL

Our next ARCH talk is on the 19th April at 12 pm - Dr Kana Umagami will tell us about working towards a better unde… https://t.co/Rq8HypNW5L

Posted on: 2023-03-30 10:14

@Fudgetop

RT @SiegeStudios: “DELVE INTO THEIR MINDS MY KIN, DESTROY THEM FROM WITHIN!” An awesome Infernal Master from an Thousand Sons army commissi…

Posted on: 2023-03-30 10:13

@owenjdowling

RT @owenjdowling: On what would have been his 110th birthday, I've written on socialist trade union leader and longtime general secretary o…

Posted on: 2023-03-30 10:13

@EM_OYSTER

🌊⚡️@Dr_Emma_Sheehan is hiring! Exciting opportunity to join @PlymUni! #Fish tagging (sharks, skates, Black Bream)… https://t.co/JlJSfkc31I

Posted on: 2023-03-30 10:12

@PatChamberlain3

RT @RachelReevesMP: NEW: A Labour Government would freeze council tax this year - paid for with a proper windfall tax on oil and gas giants…

Posted on: 2023-03-30 10:12

@WhySharksMatter

RT @Dr_Emma_Sheehan: We’re hiring! Exciting opportunity to join @PlymUni we need a Project Manager asap for our new fish tagging (sharks,…

Posted on: 2023-03-30 10:12

@willnobleuk

RT @PlymouthLabour: Plymouth Labour is launching its bold plan to 'green' the city centre should it take control of the council in May. We'…

Posted on: 2023-03-30 10:11

@pete7554

RT @PlymouthLabour: Plymouth Labour is launching its bold plan to 'green' the city centre should it take control of the council in May. We'…

Posted on: 2023-03-30 10:11

@andyroodaddyo

RT @RachelReevesMP: NEW: A Labour Government would freeze council tax this year - paid for with a proper windfall tax on oil and gas giants…

Posted on: 2023-03-30 10:10

@collateralds

RT @GaryPanton: If you're into manga art and colouring, please check out this book I spent a lot of the past year working on. It goes on sa…

Posted on: 2023-03-30 10:10

@Lisa_H_B

RT @rightsnet: If you're working with organisations who need to signpost people for help with a social welfare law problem, do let them kno…

Posted on: 2023-03-30 10:10

@gq52

RT @drclairetaylor: All going not well then. 75% increase in Covid cases in UK in less than 2 weeks. 5 waves of Covid in a year already a…

Posted on: 2023-03-30 10:09

@nannakisskiss

RT @drclairetaylor: All going not well then. 75% increase in Covid cases in UK in less than 2 weeks. 5 waves of Covid in a year already a…

Posted on: 2023-03-30 10:09

@xandrarama

Our research report on flexible working during Covid-19 and beyond is out now! "Future-Proofing Your Flexible Workf… https://t.co/5C4i5WPbTZ

Posted on: 2023-03-30 10:08

@BleuetteCrawley

RT @drclairetaylor: All going not well then. 75% increase in Covid cases in UK in less than 2 weeks. 5 waves of Covid in a year already a…

Posted on: 2023-03-30 10:08

@DeethDEETH

RT @Britain_People: PROTEST: Pensions 🔴WE'RE DYING YOUNGER and WORKING LONGER We should be on the streets campaigning to LOWER the age of…

Posted on: 2023-03-30 10:08

@ZPAReilly

RT @PlymouthLabour: Plymouth Labour is launching its bold plan to 'green' the city centre should it take control of the council in May. We'…

Posted on: 2023-03-30 10:08

@OutSecLegal

#RT @lawsocgazette: Former employee of international firm Hogan Lovells banned from working in legal profession aft… https://t.co/VgZ3rgYTBT

Posted on: 2023-03-30 10:08

@ellipirelli

RT @drclairetaylor: All going not well then. 75% increase in Covid cases in UK in less than 2 weeks. 5 waves of Covid in a year already a…

Posted on: 2023-03-30 10:08

@Chunks_89

RT @drclairetaylor: All going not well then. 75% increase in Covid cases in UK in less than 2 weeks. 5 waves of Covid in a year already a…

Posted on: 2023-03-30 10:07

@ggirl1968

RT @drclairetaylor: All going not well then. 75% increase in Covid cases in UK in less than 2 weeks. 5 waves of Covid in a year already a…

Posted on: 2023-03-30 10:07

@alitwy

RT @drclairetaylor: All going not well then. 75% increase in Covid cases in UK in less than 2 weeks. 5 waves of Covid in a year already a…

Posted on: 2023-03-30 10:06

@Sumayyah_UK

Day 4: #RxWritingChallenge I continued working on my conference write-up. I changed the format to focus on the co… https://t.co/DxGwXJwvWd

Posted on: 2023-03-30 10:05

@AndrewGibsonMBA

RT @GrahamZebedee: A piece by me and ⁦@natalieblackuk⁩ on what the UK has to offer when it joins CPTPP. Working hard to make that happen!…

Posted on: 2023-03-30 10:05

@ClimateUEA_

We're working with our @leverhulme Critical Decade for #climatechange scholars to encourage the creative potential… https://t.co/SxPWPy9dxf

Posted on: 2023-03-30 10:04