Leyland Trucks appeals to government

[Martin]

Truck firm in Government talks

Published Date: 11 December 2008

A famous Lancashire truck manufacture has appealed for Government help to ride out the deepening recession.
Bosses at Leyland Trucks are urging ministers to extend lending guarantees and to introduce a corporation tax window in a bid to jump start the vehicle manufacturing industry.

Orders from haulage firms are faltering because they are unable to raise the finance needed to buy new fleets of trucks.

Leyland's managing director Jim Sumner is leading negotiations with Business Secretary Lord Mandelson on behalf of the UK truck industry

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Lancashire Evening Post

[Lynne]

Lord Mandelson of H and H is going to be busy then -looks like he is 'sorting out' Royal Mail as well!
It will be interesting to see the outcomes in both cases.

[noel]

There's no end to our potential national debt is there. I pity whoever has to pick up the tab.

The problem with Royal Mail is the £5 billion pension fund deficit. Who would want to invest in that when letters are being phased out and more electronic mail is being used?