Plan to bail out stricken UK companies

(Bloomberg) -- Britain’s finance minister, Rishi Sunak, has authorized a plan to save strategically important companies in exceptional circumstances, the Financial Times reported, citing details shared with the newspaper by the Treasury. ____________________________________________________ More on coronavirus: ____________________________________________________ While it’s not clear which companies the government deems strategically important, some of the nation’s biggest employers are reeling, the travel industry has collapsed and auto sales have all but folded. And according to a report published this month by McKinsey & Co., almost a quarter of U.K. jobs face elimination because of the coronavirus pandemic, with people on lower incomes the most at risk.