MG Rover bill exceeds £10 million

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

Latest News

• Renault Fluence ZE review
• Alpina D5 Bi-Turbo review
• Geneva 2012: Audi TT RS plus
• Fiat Punto Twinair review

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.