The BBC reports that the collapse of Silicon Valley Bank has left more than 200 UK companies unable to pay their employees salaries.can In addition, the report states that The Government is working to protect and stabilize UK tech companies affected by the SVB collapse.
The country’s Treasury Department said it wanted. The report also said companies could start to suffer by Monday morning. if left unassisted
The collapse of Silicon Valley Bank has left more than 200 British companies unable to pay their employees.
The BBC reports that the Treasury is working to minimize damage to the company” following the SVB shutdown. Moreover, Prime Minister Rishi Sunak and Bank of England Governor Andrew Bailey are working through the night to resolve the issue.
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