TATA has leverage over the Government as it employs thousands of British workers. Give us some money or we’ll pull out of the UK. It’s irrelevant where the company comes from, India or wherever. Do you spend money on a bail out or unemployment benefit?
It has indeed been broadcast that the Government will take a stake in companies it helps. It’s another form of leverage. This time they are saying there is no free money anymore and there is a slim chance we, the tax payers will one day get the money back.
State ownership could be making a comeback!
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MG TF 135, MG ZT, Range Rover P38
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