U.K.’s Sunak Says Bar Is ‘Exceptionally High’ for Company Bailouts

The transcript discusses the role of government as a lender of last resort, emphasizing the high standards and rarity of taxpayer support for companies. It highlights the unattractiveness of long-term reliance on such support and outlines the conditions and expectations for financial assistance, including significant involvement from financial investors and creditors to protect taxpayer resources.

What does it mean for the bar to be exceptionally high in the context of government bailouts?

What should be expected from financial investors and creditors during a government bailout?