Silicon Valley Bank collapse: UK tech firms at 'serious risk' from failure, warns Chancellor Jeremy Hunt

While Silicon Valley Bank has a limited presence in the UK and does not perform functions critical to the financial system, it has been warned its collapse could have a significant impact on tech start-ups.

"We are working at pace on a solution we will bring forward very soon plans to make sure people are able to meet their cashflow requirements, pay their staff. Asked if that could mean stepping in with taxpayers' money, he said he did not"want to go into what the solution is".

RidgeOnSunday Which is to steal public’s money from them to bail them out. Check your bank rules ‘it may be necessary to limit the amount in your account, due to circumstances affecting the banking industry’, if you haven’t woken up yet, do it now

RidgeOnSunday

RidgeOnSunday Hope you’ve all got a plan b. Fiat and the housing market is about to cause a domino effect on the markets.

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