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Lord Mandelson pledges to fight for future of Vauxhall in the UK

As the future of Vauxhall operations in the UK and Europe still appear to very much up in the air, Lord Mandelson, the UK's business secretary, has today pledged to fight for UK jobs at the former General Motors European subsidiary. This is yet another saga which has been ongoing for many weeks amid signs that financial assistance has been slow in forthcoming from various European parties including the UK government.



Many people believed that a deal had been struck some weeks ago with a Canadian outfit only to find out that the bid was apparently underfunded and has been sent back to the drawing board. This is not the first time than Lord Mandelson and Gordon Brown have become involved directly in the Vauxhall situation although when you consider that in excess of £2.3 billion has been promised for the UK car industry but has yet to be delivered, the signs are not good.



Yet again the UK government appears to be strong on headline grabbing statements but not so strong on delivering promised liquidity, loan guarantees and further assistance. The proof is in the pudding and so far the pudding is nowhere near right and nowhere near safe to eat!

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