MG Rover - even in death it's costing money
Business minister Ian Lucas has confirmed that the four-year-long inquiry into the collapse of MG Rover was finally completed on June 11th – at a total cost of almost £16 million.
In a response to a parliamentary question by Labour MP Richard Burden, Mr Lucas revealed that the total cost to the taxpayer of the inquiry was £15,922,838 – including a reported £100,000 spent on hotels and £30,000 on meals by chartered accountants BDO Stoy Hayward.
Mr Burden called on the government to make the findings of the report public as soon as possible – surely the whole point of a public inquiry(!) – saying, “the important thing now is to know what the report contains and I hope the Government will be able to make a statement on that as soon as possible.”
Since the collapse of MG Rover in 2005, the taxpayer has had to shoulder more than £500 million in costs, most of which has been down to a £467 million pension fund deficit.
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