You may have read recently that the Secretary of State for Business, Innovation and Skills is refusing to discuss the landmark £14 million fine imposed on Deloitte & Touche for their advice to the MG Rover Group and the “Phoenix Four” directors, which is expected to be paid to the Institute of Chartered Accountants in England and Wales (ICAEW).
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 …
Opening @mgmotor new design studio today – welcoming launch of brand new #MG3. Next step for #Longbridge future twitter.com/RichardBurdenM…
— Richard Burden MP (@RichardBurdenMP) June 12, 2013
I was delighted to attend the Pride of Longbridge on Saturday. By respecting our community’s heritage, we can help build our community’s future.
I was also fortunate enough to present the prizes with Simon Bennett from Longbridge’s MG Sales Centre for the very first MG CD Racer Competition.
As you may have seen in the local news, yesterday the trustees of the MG Rover trust fund visited the Acorns hospice in Selly Oak to officially present Acorns with a donation of £23,000.
This comes at the end of the long and sad saga of the trust fund set up for former MG Rover workers when the company collapsed in 2005.
Last week saw an end to the long and sad saga of the MG Rover trust fund.
It is now more than seven and a half years since the Phoenix Four made their promise to set up a trust fund for former MG Rover workers, when the company closed in 2005.
After seven and a half years of waiting, the money – initially anticipated to be in the millions – has never appeared.
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.