Unions and business support Sunak’s ‘last resort’ bail out plans
Industry News | 25/05/20
Unions and business groups have backed the government’s plan to bail out strategically important companies whose failure would “disproportionately harm the economy”.
The chancellor, Rishi Sunak, is exploring plans for the taxpayer to step in and rescue struggling companies to prevent a wave of job losses in sectors that have been hardest hit during the coronavirus pandemic and lockdown.
Under the plan named Project Birch, the government would support companies as a last resort.
Source: The Guardian
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