There is a risk that, just when borrowers get into difficulty, hedge-fund clients may demand their money back.

ECONOMIST: Buttonwood: Spread too thinly | The

Mr Matthews said kayakers should also carry a VHF marine band radio to call the coastguard on channel 16 if they get into difficulty.

BBC: Llangennith: Surfer rescues kayaker on Gower

But he warned the NHS was not in a strong position because lenders feel confident the treasury will bail out trusts that get into financial difficulty.

BBC: Hospitals 'struggling with NHS mortgage repayments'