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UK Banks Receive Bailout Package from Government

Central banks around the world have implemented a surprise interest rate cut in a co-ordinated bid to tackle the growing economic crisis. The UK rate was cut by half a percent - the biggest reduction for 7 years. The Prime Minister and the Chancellor also announced a taxpayer-funded bail-out scheme for the country's major banks. It could run into hundreds of billions of pounds. Sky's Joel Hills reports... ( read more ) LEARN MORE ABOUT: Bank Failures REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver IRA Investing The UK government has announced a bailout package for the country's major banks. In response to the ongoing economic uncertainties brought about by the COVID-19 pandemic, the government has decided to support the banking sector to ensure financial stability and confidence in the market. The package, worth £1.3 billion, includes a range of measures des