UK Britain’s car industry became the latest to ask for government financial aid and tax breaks on Tuesday to face “unprecedented circumstances” this year.
In a letter sent to Alastair Darling, the chancellor of the exchequer, groups representing UK manufacturers and dealers urged the government to allow their financing arms to tap its special liquidity arrangements for banks. They also asked for a state-backed loan facility of unspecified size to ensure their manufacturing arms can gain funding and keep investing, despite a sharp slowdown in sales.
