» Monday, April 4, 2005

MG Rover

Asked if there were any signs of a loan, the PMOS reminded journalists that this was a commercial deal but as the DTI had made it clear through out we would do everything we could to support the process and the joint venture. If a deal was looking likely both MG Rover and SAIC were aware that the Govt would consider the option of providing a bridging loan. But that would be under strict criteria to ensure the proper use of taxpayers’ money and it would of course be fully repayable. For further detail people should contact the DTI.

Briefing took place at 15:45 | Search for related news

1 Comment »

  1. I have not heard one reporter mention a thing about the 200 million quid that was given to BMW to take over the car company when it first "failed".

    The calculation I want to see is how much money has being paid to the capitalists per job to bribe them to keep these factories in production? Why not cut out the middle men and hire people directly?

    Comment by Julian Todd — 6 Apr 2005 on 7:46 pm | Link

RSS feed for comments on this post.

Post a public comment

(You must give an email address, but it will not be displayed to the public.)
(You may give your website, and it will be displayed to the public.)


This is not a way of contacting the Prime Minister. If you would like to contact the Prime Minister, go to the 10 Downing Street official site.

Privacy note: Shortly after posting, your name and comment will be displayed on the site. This means that people searching for your name on the Internet will be able to find and read your comment.

Downing Street Says...

The unofficial site which lets you comment on the UK Prime Minister's official briefings. About us...


April 2005
Mon Tue Wed Thu Fri Sat Sun
« Mar   May »

Supported by


Disruptive Proactivity

Recent Briefings



Syndicate (RSS/XML)



Contact Sam Smith.

This site is powered by WordPress. Theme by Jag Singh