» 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
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Contact Sam Smith.
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