The Government has agreed to provide £270m of financial support to Vauxhall to help secure the future of 5,000 UK workers.
After months of negotiations, Lord Mandelson, the Business Secretary, has said that the car maker will receive a €300m (£270m) loan guarantee through the Automotive Assistance Programme.
It gets better:
The financial support, which is subject to a finalising of details between the Government and General Motors, Vauxhall’s owner, will form part of a package worth up to €3.9bn that GM is putting together with governments to finance the restructuring of its European operations.
Vauxhall has 5,000 workers in the UK, primarily at plants at Ellesmere Port and Luton. However, their future has been in doubt since last February, when GM revealed it planned to sell its European business, a proposal it later scrapped.
A brief perusal of wikipedia for those respective areas reveals this:
Ellesmere Port's MP: Andrew Miller (labour)
Majority: 6,486 (15.4%)
Luton North: Kelvin Hopkins (Labour)
Majority: 6,487 (16.6%)
Luton South: Margaret Moran (labour), a women with such a patent disregard for taxpayers money her own party is barring her from standing for them.
Majority 5,650 (14.5%) (not that it matters.)
And Labour dominated councils for each.
“I always said the Government would stand foursquare behind Vauxhall and with this announcement today we have kept our word,” Lord Mandelson said. “These are excellent plants employing a first rate workforce."We need Vauxhall to thrive as part of Britain's automotive manufacturing base and following our negotiations with GM Europe I am confident it will do so”.
Exchange "Vauxhall" for "labour marginals" (for that is what they'll be with 5000 disgruntled unemployed plus loved ones) and you wouldn't notice a difference, you unjust electioneering little turd of a man.