Trade and Industry
John Hemming (Birmingham, Yardley, Liberal Democrat)
To ask the Secretary of State for Trade and Industry when Ministers in his Department first informed the press that they were offering MG Rover (Phoenix Venture Holdings) a bridging loan of £100 million; and for what reasons this information was provided.
Ian Pearson (Minister of State (Trade), Foreign & Commonwealth Office, Minister of State (Trade), Department of Trade and Industry; Dudley South, Labour)
No formal decision to offer a bridging loan to MG Rover was taken by the Department. This position was set out in the then Secretary of State's statement of