The Rover Loan
A little under a year ago, our wonderful government 'loaned' the troubled (with obviously no realistic sign of the troubles being rectified anytime soon) MG Rover group a grand total of £6.5 million in order to keep paying staff wages for a while. This week, they are finally coming under criticism for this, after the National Audit Office said the prospect of a deal was "remote", and the Conservatives followed, pointing out what every right-thinking person knew; that this was an "election bribe".
To be honest I can't really believe it was allowed to happen in the first place. I don't remember a government having effectively GIVEN a failing company £6.5 million in a feeble attempt to keep staff 'on-side' in the past, and with good reason. It's not a government's place to bail out business. It's a government's place to fund public services, and provide a bit of help in finding work for those who have been made redundant. That's where this £6.5 million should have gone, if the government really were hell-bent on 'helping'.
Of course, really, it should have gone into education or the NHS or somesuch.
What a waste of public money. The government really need to pay it back themselves.
posted by Aaron at 10:41 AM
2 Comments:
Probably none of the voters believed that it would make a difference at the time either.
So Labour can't even manage to bribe. Talk about incompetent.
10/3/06 11:12 AM
It's not suprising that it all went pear-shaped as any sensible person saw at the time that giving them more money would add to their drain full of cash.
The Government really need to employ some sensible people who know about economics and that.
10/3/06 6:46 PM
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