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I think Labour should look back and face some facts

1). Byers supported the original bid by Phoenix five years ago - without the Phoenix bid, BMW would have closed Longbridge. If Labour supported the Phoenix plan 5 years ago, they should support it now and see it reach fruition

2). MGR until recently have worked independently, and not relied on state aid. Many of the assembly plants (not manufacturing) held by foreign manufactureres have asked and secured aid hand over foot.

3). If £40m quid sounds like a lot of money for Towers and Co. think of it instead as 3% of MGRs credits over the last 5 years - not much for a privately owned company owned by these people. Many companies pay more than this as dividends to shareholders every year.

4). That past (and future) employment at Longbridge makes a massive impact on the supply chain, local economy and balance of payments.

5). While the company is no longer cash rich, it has new products waiting in the wings. It's financial property may not be so rosy now, but the prospects of new metal and the future are better now than in 1999. Intellectual property at MGR has probably not looked so healthy since BMW stripped them.

6). MG and Rover have value beyond their monetary value - when the mines and shipyards were closed, these were not the last examples of these industries in our country. MGR is the last British mass manufacturer of cars, and to lose it will constitute a terminal loss of culture, heritage and skills.

So come on Tony and Gordon, time to dig into your pockets.
 

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Derrin said:
I think Labour should look back and face some facts

1). Byers supported the original bid by Phoenix five years ago - without the Phoenix bid, BMW would have closed Longbridge. If Labour supported the Phoenix plan 5 years ago, they should support it now and see it reach fruition

2). MGR until recently have worked independently, and not relied on state aid. Many of the assembly plants (not manufacturing) held by foreign manufactureres have asked and secured aid hand over foot.

3). If £40m quid sounds like a lot of money for Towers and Co. think of it instead as 3% of MGRs credits over the last 5 years - not much for a privately owned company owned by these people. Many companies pay more than this as dividends to shareholders every year.

4). That past (and future) employment at Longbridge makes a massive impact on the supply chain, local economy and balance of payments.

5). While the company is no longer cash rich, it has new products waiting in the wings. It's financial property may not be so rosy now, but the prospects of new metal and the future are better now than in 1999. Intellectual property at MGR has probably not looked so healthy since BMW stripped them.

6). MG and Rover have value beyond their monetary value - when the mines and shipyards were closed, these were not the last examples of these industries in our country. MGR is the last British mass manufacturer of cars, and to lose it will constitute a terminal loss of culture, heritage and skills.

So come on Tony and Gordon, time to dig into your pockets.
Gordon Brown will be keen on keeping MG Rover producing cars at Longbridge for one simple reason, the UKs' Balance of Exports. We're already looking at a trade defecit of £74 billion, we need every scrap of exporting manufacturing industry we can lay our hands on.
 

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Mega said:
With what?
Mega
Last I heard, MG Rover was about to start trading with a new currency, apparently, they're rounding up all the so called enthusiasts who have been running the company and the management down for the past few days, start hacking them up, so when something is going to cost "an arm and a leg" you'd better get used to being without one arm and one leg Mega.
 
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