Yesterday I spoke in a Commons debate on promoting manufacturing in the West Midlands.
You can read my speech below – and the debate in full is available online here.
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.
Today’s announcement by Ford is a real blow for Southampton and is a sad end to more than 100 years of Ford vehicle assembly in Britain.
Ford have been in Southampton since they acquired a factory in 1953, first used to assemble Spitfires in World War II, and it has been the home of the Transit van for the last 40 years.
The Birmingham Post has reported today that the MG Rover Trust Fund is to be wound up after over seven years – without a penny going to the 6,500 former workers who lost their jobs in 2005. The trustees seem to have given up hope of the Phoenix Four ever putting the funds in to the trust which they led employees to believe they would. If reports are true, the trustees’ decision may be realistic …
The UK has a successful automotive industry – but we must build a long-term framework for growth On Sunday, the British Grand Prix at Silverstone was won in a Red Bull, one of the eight F1 teams based here in the UK. And whilst I don’t want to take anything away from Mark Webber’s Australian pedigree, he too lives here in Britain. The UK is also home to seven volume car manufacturers, six …
It is now more than seven 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 years of waiting, former workers are now being told they will receive just £3 each. That is nothing more than an insult to the people who did everything that was asked of them by the Phoenix Four and ended up losing everything.