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Is the UK government doing enough for the automobile industry?

The UK government has today come in for severe criticism from various members of Parliament who were astounded that despite promises of funding assistance to various car manufacturers in the UK, these guarantees do not appear to have been forthcoming. There are literally funds waiting to be accessed from a European rescue package which only require the UK government to guarantee the amounts in question, although for some reason the government has yet to finalise the small print.

When you consider that LDV, the former Leyland van manufacturer, went under because of reluctance by the government to step in this does not bode well for the Vauxhall subsidiary of GM Europe. Despite promises in the press that Vauxhall would receive significant taxpayer funding and various tax breaks if required, yet again nothing has been forthcoming and the saga rolls on.

Many analysts and business leaders around the UK are starting to see something of a repeat pattern with promises in the press, grand headlines and ultimately no follow-through. The longer the situations drag on the more damage will be done to individual businesses and sectors alike. While the introduction of the electric car in the UK has been well received, with a number of trials ongoing at the moment, the more traditional vehicle manufacturing sector is stumbling from one disaster to another.

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