This morning, the Government and the Bank of England facilitated a private sale of Silicon Valley Bank UK to HSBC— Jeremy Hunt (@Jeremy_Hunt) March 13, 2023
Deposits will be protected, with no taxpayer support
I said yesterday that we would look after our tech sector, and we have worked urgently to deliver that promise
Seemingly UK taxpayers won't get shafted. However, the meaning of the word "facilitated" is not entirely clear.
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