Rover Enquiry £8,500,000 and rising...

tourerfogey · 4th May 2007, 12:39

From AOL news....

'When MG Rover collapsed in 2005, the government provided a £6.5m emergency 'loan' to keep the factory open for another week. But that's nothing next to the £8.5m that's already been spent on the as-yet-unfinished official inquiry into MG Rover's collapse.
The inquiry is being paid for by the Department of Trade and Industry (DTI) – aka the UK taxpayer – and so far it appears to have established exactly nothing in the two years it has been running.
In July 2006, a report from the Public Accounts Committee said that the collapse of MG Rover cost the UK tax payer around £270million.
There is no news yet on when the DTI report will be finished. Meanwhile, MG buyer Nanjing Automotive looks likely to restart limited production of the TF roadster at Longbridge later in May.'

Keith · 4th May 2007, 15:56

Always plenty of money when it comes to shuffling paper and running up expenses isn't there.

Meanwhile lets sub all the real physical work out to foreign parts
A big chunk of my work has recently gone to people in Hungary!

4th May 2007, 12:39	#1
tourerfogey Banned Join Date: Nov 2006 Posts: 2 Thanks: 0 Thanked 1 Time in 1 Post	Rover Enquiry £8,500,000 and rising... From AOL news.... 'When MG Rover collapsed in 2005, the government provided a £6.5m emergency 'loan' to keep the factory open for another week. But that's nothing next to the £8.5m that's already been spent on the as-yet-unfinished official inquiry into MG Rover's collapse. The inquiry is being paid for by the Department of Trade and Industry (DTI) – aka the UK taxpayer – and so far it appears to have established exactly nothing in the two years it has been running. In July 2006, a report from the Public Accounts Committee said that the collapse of MG Rover cost the UK tax payer around £270million. There is no news yet on when the DTI report will be finished. Meanwhile, MG buyer Nanjing Automotive looks likely to restart limited production of the TF roadster at Longbridge later in May.'

4th May 2007, 15:56	#2
Keith This is my second home ZT400 Join Date: Oct 2006 Location: Ellesmere Posts: 5,948 Thanks: 0 Thanked 43 Times in 29 Posts	Always plenty of money when it comes to shuffling paper and running up expenses isn't there. Meanwhile lets sub all the real physical work out to foreign parts A big chunk of my work has recently gone to people in Hungary!