News

March 11, 2023

Sources: UK government likely to step in to address SVB situation ahead of Monday

The government is expected to make a statement on Saturday


Amy Lewin and Amy O'Brien

3 min read

Official portrait of the Chancellor of the Exchequer Jeremy Hunt. Picture by Andrew Parsons / No 10 Downing Street

Update: The UK government announced on Sunday morning that it is working "at pace on a solution to avoid or minimise damage to some of our most promising companies in the UK” following the Bank of England’s decision to put Silicon Valley Bank UK into insolvency.

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Amy Lewin

Amy Lewin is Sifted’s editor and host of Startup Europe — The Sifted Podcast . Follow her on X, LinkedIn and Bluesky

Amy O'Brien

Amy O'Brien is a freelance reporter covering Italian tech. She was previously Sifted's fintech reporter

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