All entries for Wednesday 20 April 2005

April 20, 2005

Government opportunism – MG Rover & Index

In an earlier post entitled MG Rover's downfall, I asked why there was no government agency to bail out all firms with a marginal change of survival. In such cases, government assistance could ‘obviously’ save jobs and increase everyone’s well being according to some.

Dr Madsen Pirie of the Adam Smith Institute makes a similar point when talking about the recently announced closure of several Index stores nationwide.

Government, which leapt in with £150m of taxpayer money to help those who lost MG Rover jobs has not yet come forward with any cash for the Index employees. On a pro-rata basis the sum might be about £85.7m.

View his post here.

It’s opportunism on the part of politicians, pure and simple.


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