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MG Rover bill exceeds £10 million

22 October 2007

  • Inquiry bill tops £10 million
  • Costs increase £300k a month
  • Report still not published

MG Rover pic medium

The bill for the inquiry into why MG Rover went bust has passed £10 million.

The car maker went into administration in 2005, despite being given a £6.5-million loan from the government.

An inquiry was set up shortly afterwards because the government's loan was agreed just before a general election.

However, according to the Financial Times, the inquiry's costs have totalled £8.4 million in fees and a further £1.5million in VAT, and are increasing at £300,000 a month.

No date has been fixed for the inquiry to end.

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