CategoryMotor industry / motorsport

£14 Million Deloitte fine over MG Rover raises question of compensation for those most affected

£

Today a £14 million fine was imposed on Deloitte & Touche for their advice to the MG Rover Group and the “Phoenix Four" directors.But as we watch another twist to the MG Rover drama unfold, it’s important to remember what was important then – and what is important now. That is the 6000+ MGR workers who lost their jobs in the collapse, and the communities whose identity “the Austin” factory...

Driving Success – a new vision for the motor industry

D

In addition to granting us some beautiful weather, Summer 2013 has also shone a light on one of the brightest industries our country has to offer – motor. On 12 July 2013 ‘Driving Success’, the first ever comprehensive industrial strategy for UK automotive, was launched by Government and leading industry bodies.
Read my thoughts on the strategy in a new blog for Motortrades Insight here.

Latest arguments about what happened at MG Rover in 2005 must not obscure what was important then, and what is important now

L

The accountants Deloitte have lost an appeal over a regulatory ruling that it failed to manage conflicts of interest in its advice to the MG Rover Group and the "Phoenix Four" directors, who bought the UK carmaker before it collapsed in 2005. It is highly concerning that the Tribunal found Deloitte and Mr Einollahi, the partner involved, to have demonstrated “a persistent and deliberate disregard...

Govt must fuel UK automotive ambition

G

Just two weeks ago, the world’s fiercest and fastest racing drivers returned to Silverstone for what turned out to be a thrilling British Grand Prix. While our exceptional British drivers have had mixed fortunes on the track this season, for me the return of Formula One to our shores is always an ideal opportunity to recognise British success in automotive more widely.

Recent Posts

Richard Burden

Avatar photo

I was Labour Member of Parliament for Birmingham Northfield between 1992 and 2019 and a former Shadow Transport Minister. I now chair Healthwatch in Birmingham and Solihull, and the West Midlands Board of Remembering Srebrenica. I also work as a public affairs consultant. I am an effective community advocate and stakeholder alliance builder with a passion for human rights. I am a trustee of the Balfour Project charity and of Citizens Advice Birmingham, and a former Chair of Medical Aid for Palestinians.

Get in touch

You can reach me by email at richard@richardburden.com or use the form on the Contact page to send me a message.