BusinessCompany NewsRover costs taxpayers £220m

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.

Link: FRRP pores over Rover accounts

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.

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