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British PM eyes fund to help businesses at risk of post-Brexit collapse: The Times

Economy Aug 09, 2019 05:01PM ET
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(Reuters) - British Prime Minister Boris Johnson is drawing up plans for a bailout fund to prop up businesses in the event of a no-deal Brexit, The Times reported.

The government has drawn up a secret list of big British employers that are considered to be most at risk of collapse and the construction and manufacturing sectors are expected to be the worst affected, Times said.

Michael Gove, the British government minister responsible for planning for a "no-deal Brexit", confirmed for the first time that ministers were working on a package to help companies at risk, the newspaper added. Johnson's Brexit war cabinet is expected to discuss the bailout plans, known as "Operation Kingfisher (LON:KGF)", next week, the newspaper said.

British PM eyes fund to help businesses at risk of post-Brexit collapse: The Times
 

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Comments (3)
Jan Buyle
Jan Buyle Aug 11, 2019 3:02AM ET
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He is leading his country back to the stone age...
Al Vlaj
alvlaj Aug 09, 2019 7:31PM ET
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If Brexit is supposed to be so great for the UK economy in every way shape or form, why are business at risk of collapse?
Benjamin USA
Benjamin USA Aug 09, 2019 5:54PM ET
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This guy is a bafoon. What ks the point of all this?
 
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