Rover costs taxpayers £220m
Tax breaks and loans see total government bill soar
The cost of the collapse of carmaker MG Rover has risen to £220m, the Daily Telegraph reports today.
The figure has grown because ‘vulnerable but viable’ companies have been allowed to defer £20m of tax bills on bad debts caused by the carmaker’s collapse.
The extra costs come on top of loans advanced to Rover to help it to stay afloat.