“Following our decisive action, this loan guarantee will help support the supply chain and protect skilled jobs in the West Midlands, Merseyside and throughout the UK,” Peter Kyle, the business secretary, claimed at the weekend.
Decisive? Really? That is not how life looks to many on the ground in the UK car industry. Some smaller suppliers to Jaguar Land Rover are shouting that cashflow pressures on them are getting worse. Nothing has changed since last week, they say.
