Telegraph
"The Government has unveiled a long awaited package of support for the car industry worth £2 billion amid warnings of a "catastrophe" for the sector with the loss of tens of thousands of jobs."
Hummmm.....
"However, some have argued that making it easier to buy cars will mainly aid foreign manufacturers who account for 80 per cent of Britain's cars".
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Now Government delivers £2.3bn package for Britain's struggling car industry
"Britain's beleaguered car industry became latest recipient of Government help this afternoon when Lord Mandleson unveiled a multi-billion pound rescue package.
.....'That this wave of panic-stricken announcements has pledged the taxpayers' credit for billions - tens of billions - of pounds, and someone's said to BERR [the Department for Business Enterprise and Regulatory Reform], "We cannot afford anything but modest loan guarantees with all these provisos about how you give it out".
(Daily Mail)
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