HMT knee-jerk reaction: set up compensation scheme
That’s a pea shooter
Bazooka: pledge to be insurer of last-resort for every venue in the country
Might end up costing less
Nuclear solution today: govt becoming customer of last-resort for swathes of economy: airlines, retail, hospitality
Might not come to it, but u see the logic...
For many, esp HMT wonks, solutions like these 👆 are horrifying. Then again idea of nationalising Britain’s biggest bank was horrifying in ‘08