August 9, 2019 / 8:54 PM / 9 days ago

Johnson eyes fund to help businesses at risk of post-Brexit collapse - The Times

FILE PHOTO: Canary Wharf and the City of London financial district are seen from an aerial view in London, Britain, August 8, 2019. REUTERS/Hannah McKay/File Photo

(Reuters) - 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 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”, next week, the newspaper said.

Reporting by Rishika Chatterjee in Bengaluru, editing by G Crosse

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below