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Will Gordon Brown cave in to the car manufacturers

News that President Bush has today agreed a $17 billion rescue package for the US car manufacturing industry has placed yet more pressure on Gordon Brown and Lord Mandelson to agree a similar package in the UK. The signals from the UK government have been mixed of late with one-day a rescue package on the horizon and the next day the industry is seemingly left to fend for itself.

The UK press has been full of photographs of literally thousands of unsold new cars and this has not helped the taxpayer's opinion of a situation. If these cars remain unsold now, how can the taxpayer support an industry which is literally dead on its feet. While there may be some hope on the horizon with regards to be ongoing fall in UK base rates, which will impact upon borrowing costs, it would appear that the acquisition of a new car is very far down the list of the average UK consumer.

As we have covered there is concern that rescue package after rescue package has been announced by the UK government but we have yet to see any credible return for the massive amounts of money invested.

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