£6.5 Million lifeline for MG Rover

[Filuwaúrdjan]

Government tries to stop redundencies

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I think the money is being given to prevent job losses in the short term, rather than prop up MG Rover, which is in adminstration now.
I suspect there's a chance that something could be salvaged out of this, but the current company is dead, thanks to the kleptomania of it's executives.

If anyone wants a laugh, a certain Cllr. J.A.M.Hemming of Yardley, Birmingham is playing his usual ego-politics with this and (this is rather amusing) blaming the DTI for the collapse of his mate's company.

[Filuwaúrdjan]

It might sometimes be wiser to assume that not everybody here is an ardent follower of British local politics, Al...

Oh. Right. My apologies.

I was refering to Cllr. John Hemming, leader of the LibDems on Birmingham City Council, Deputy Leader of Birmingham City Council (in an unholy coalition with the Tories), serial candidate in Birmingham Yardley (1992, 1997, 2001 and this year as well) all round egomaniac and the very stereotype of the irritating West Midlands businessman who likes to brag about how much money he has.

[Filuwaúrdjan]

Yardley is a Lib-Lab marginal, right.

Yep. Has been since 1992.

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His mates ran the Phoenix Consortium that bought MG Rover from BMW in 2000. Interestingly Hemming was kicked out of it, because BMW wouldn't deal with anything that had anything to do with him (he's not got a reputation for being all that trustworthy).

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Ahhh... but you haven't seen what he said. He's been ranting about how the DTI "briefing against MG Rover" resulted in it collapsing.

Strange guy, Hemming.

[Filuwaúrdjan]

Lol.
Maybe he's personally losing money out of the Rover bankruptcy...that's what that complaint sounds like.

Well, MG Rover's finances were so byzantine it wouldn't suprise me a great deal. Apparently someone's going to investigate them.

On the other hand, Hemming has a habit of making... interesting... posts on Usenet...