Britain is considering a new bailout mechanism to help firms affected by the coronavirus, Sky News reported on Saturday, saying that individual loans to companies could be bundled together into securities.
Finance minister Rishi Sunak has already set out a range of different schemes to help companies through a national lockdown which has effectively shuttered large parts of the world’s fifth largest economy.
Asked about the report, the finance ministry said: “We’re always open to ways to improve the package but no decisions have been taken.”
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