£14.8m MG Rover probe still unresolved

The cost of the investigation into MG Rover's collapse has topped more than £14m to date, with no clear indication as to when it will be concluded.

BDO Stoy Hayward won the high-profile job in 2005, but the case has dragged on, to the frustration of MPs, the FT reported.

BDO partner Gervase MacGregor, has been spearheading the probe alongside Guy Newey QC, an insolvency law specialist.

Fees paid to the inspectors by the end of February totalled £12.2m, with expenses and VAT taking the total bill to £14.8m.

Peter Luff, Conservative chair of the business select committee, told the FT: 'Every penny spent on this long-drawn-out inquiry is money that would much better have been spent developing green technology for Britain's motor manufacturers,' he said.