business and industry

Campaigners set out proposals for a better deal for low-income taxpayers
Academy of Medical Sciences

Contrary to popular belief, Lorem Ipsum is not simply random text. It has roots in a piece of classical Latin literature from 45 BC, making it over 2000 years old. Richard McClintock, a Latin professor at Hampden-Sydney College in Virginia, looked up one of the more obscure Latin words, consectetur, from a Lorem Ipsum passage,… Read more »

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The report came out much later than expected
MG Rover report: £9m packages for Phoenix Four revealed

By Alex Stevenson The four executives who led MG Rover as the carmaker headed towards administration received around £9 million each, the long-awaited report into the company’s demise has revealed. An independent inquiry begun after the manufacturer collapsed in 2005 showed the so-called Phoenix Four – who bought MGRG for £10 in 2000 – together… Read more »

A deserted Longbridge plant
Opposition parties frustrated by MG Rover story

By Alex Stevenson Opposition parties expressed frustration with the government’s role in the demise of MG Rover but struggled to find a consistent angle to attack ministers on. Shadow business secretary Ken Clarke said it was a “pity” the report had not investigated the role of government, which was prepared to provide a bridging loan… Read more »