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MG Rover Report

The report has now been released. It confirms a number of things.

It confirms the substantial sums of money which in my view should not have been removed from the group whilst it was being managed by the directors although it makes it clear that one of the directors was uncomfortable about this.

It also confirms that the community were squeezed out of the bid which initially involved more than 4 key players.

It recognises that the governments revelation of financial problems resulted in pushing the company into administration in 2005 - although it was most likely heading into administration at that time.

It also recognises that the alternative to Phoenix in 2000 was liquidation (although it could have been possible to have a further review with Alchemy).

What is sad about all of this is that it could have been a lot different. What the report reveals is that there were a number of solutions after 2000 when it would have been possible for the business to continue over time.

The damage done by the directors in chucking out a gold plated lifeboat every year or so undermined the project as a whole. The alternative model was clearly a possibility had the government not acquiesced in the squeezing out of people such as Mike Whitby, Carl Chinn and myself.


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Millionaires and politics

The Labour Party spent most of the last election criticising me for being a successful businessman (aka millionaire). That is business in the private sector employing over 250 people. It is worth looking at the situation for the Labour Candidate now:

For the year 2016-7 Annual Income from Parliament74,962Specifically for her book51,250Other media income etc5,322.82Total declared income131,534.82

Traditionally anyone with an annual income of over £100,000 has been considered to be a millionaire. I did not use my position in parliament to increase my income.

I have been asked for sources for this. This BBC piece looks at how one should define rich. It was written in 2011 so the figures will be slightly out of date. There are perhaps 2 relevant pieces:
"In 1880 a rich person would have had £100,000 in assets or an income of £10,000 a year, he says. About a hundred people a year died leaving £100,000 and by 1910 this was 250 - "a microscopic fraction of the number of death…

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When he was an MP he worked on issues relating to men, those relating to women and those relating to non-binary people. Everyone.

For example here is John Hemming on a demonstration outside the courts with the campaign group Women Against Rape (it related to the case of a mother who had her child removed from her because the mother was raped).

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