Friday, April 15, 2005
MG Rover
MG Rover Collapses!
Price Waterhouse Coopers have announced massive redundancies at the carmaker's Longbridge works following the collapse of talks with the Chinese Shanghai Automotive Industries Corp. This deals a hammer blow to Blair and Brown's claims on running a succesful economy, 5000 redundancies will have almost immediate effect with another 1000 after the site has been secured and mothballed.
Far worse is the fact that the Chinese now own the intellectual rights to the products and could possibly buy assets from the administrators and commence building the cars in China.
6000 additional unemployed in the midlands (where Labour holds seven very marginal seats) will not help the socialist cause there. This begs the question "why was this allowed to happen following BMW's massive investment and subsequent pull out?" The financial situation has been allowed to worsen considerably whilst the company wasted away to the point where it is no longer viable as a going concern, carrying massive debts.
I do not believe that any government should show immediate knee jerk reactions by investing in such industries, or (god forbid) nationalising, but our government could have moved heaven and earth to help find another buyer for the Longbridge plant. One might have expected the government of the day to have sufficient intelligence about the Chinese intentions to forewarn of the consequences of entering into negotiations with them; we are now faced with prospect of famous British marques such as MGR and MGF, Rover 75, 45, and 25 being built in communist China to help reinforce the growing belief that they will soon become the largest most powerful economy on the planet!
Someone at the DTI took their eye off the ball.
Are you listening Tony Blair, are you listening?
Reuters report - click here
Election Communication No.2
I received our second election communication today, it came from Mr. Nader A-Naderi, who is standing as an independant candidate. The envelope was hand written, so I guess he has a lot of friends and family helping to write the thousands of envelopes and stick stamps on them to post to the thousands of electors in South Shields. Mr. A-Naderi's campaign originated in the Stop-the-war movement, his leaflet tells me very little about himself other than he was a disillusioned Liberal Democrat and he lacks funding. There is a great lack of policy statements and nothing at all to describe how he would hope to represent the people of South Shields, or what his main platforms would be.
If you would like further details you can email his agent Philip Talbot at philtal_uk@yahoo.com
_________________________________________________________________
Price Waterhouse Coopers have announced massive redundancies at the carmaker's Longbridge works following the collapse of talks with the Chinese Shanghai Automotive Industries Corp. This deals a hammer blow to Blair and Brown's claims on running a succesful economy, 5000 redundancies will have almost immediate effect with another 1000 after the site has been secured and mothballed.
Far worse is the fact that the Chinese now own the intellectual rights to the products and could possibly buy assets from the administrators and commence building the cars in China.
6000 additional unemployed in the midlands (where Labour holds seven very marginal seats) will not help the socialist cause there. This begs the question "why was this allowed to happen following BMW's massive investment and subsequent pull out?" The financial situation has been allowed to worsen considerably whilst the company wasted away to the point where it is no longer viable as a going concern, carrying massive debts.
I do not believe that any government should show immediate knee jerk reactions by investing in such industries, or (god forbid) nationalising, but our government could have moved heaven and earth to help find another buyer for the Longbridge plant. One might have expected the government of the day to have sufficient intelligence about the Chinese intentions to forewarn of the consequences of entering into negotiations with them; we are now faced with prospect of famous British marques such as MGR and MGF, Rover 75, 45, and 25 being built in communist China to help reinforce the growing belief that they will soon become the largest most powerful economy on the planet!
Someone at the DTI took their eye off the ball.
Are you listening Tony Blair, are you listening?
Reuters report - click here
Election Communication No.2
I received our second election communication today, it came from Mr. Nader A-Naderi, who is standing as an independant candidate. The envelope was hand written, so I guess he has a lot of friends and family helping to write the thousands of envelopes and stick stamps on them to post to the thousands of electors in South Shields. Mr. A-Naderi's campaign originated in the Stop-the-war movement, his leaflet tells me very little about himself other than he was a disillusioned Liberal Democrat and he lacks funding. There is a great lack of policy statements and nothing at all to describe how he would hope to represent the people of South Shields, or what his main platforms would be.
If you would like further details you can email his agent Philip Talbot at philtal_uk@yahoo.com
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