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When MG Rover collapsed in 2005, the government provided a £6.5m emergency 'loan' to keep the factory open for another week. But that's nothing next to the £8.5m that's already been spent on the as-yet-unfinished official inquiry into MG Rover's collapse.
The inquiry is being paid for by the Department of Trade and Industry (DTI) – aka the UK taxpayer – and so far it appears to have established exactly nothing in the two years it has been running.
In July 2006, a report from the Public Accounts Committee said that the collapse of MG Rover cost the UK tax payer around £270million.
There is no news yet on when the DTI report will be finished. Meanwhile, MG buyer Nanjing Automotive looks likely to restart limited production of the TF roadster at Longbridge later in May.
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