DTI Rover and Administration
Various people (mainly those in the Labour Party) have tried to argue the case that the DTI did not push MG Rover (and Powertrain) into administration.
The linked article that has just been pointed out to me includes the following dated 4th April 2005.Five days to rescue Rover as Chinese blow cold on deal
By Michael Harrison Business Editor
Apr 4, 2005, 12:34
MG Rover, the only remaining British-owned volume car maker, will be forced to call in the receivers by the end of this week unless an emergency £100m loan is made available from the Government.
This was reported at midday on the Monday of that week.
Personally I feel this particular article substantiates the argument beyond reasonable doubt.
The result of articles such as this (for which the DTI have to accept responsibility for starting the Hares running) was that suppliers refused to provide supplies without cash up front. The company's cash, therefore, drained away in 2 days. See my earlier post for the rest of the matter.