Sunak authorises bailout to rescue strategically important companies
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(Reuters) - British Finance Minister Rishi Sunak has authorised a bailout plan to rescue companies that are seen as strategically important, with the Treasury saying it may step in to support crucial businesses on a "last resort" basis after other options run out.The Treasury told Reuters late on Sunday it may try to save those companies whose failure will "disproportionately harm the economy"."In exceptional circumstances, where a viable company has exhausted all options and its failure would..