Bailout package a 'last throw of the dice'
Updated on 14 January 2009
Business secretary Lord Mandelson's loans package fails to address pleas for help from the motor industry, with Jaguar Land Rover announcing 450 job losses.
Small businesses have greeted this morning's announcement of a multi-billion pound package of government loans and guarantees as a "last throw of the dice".
But will it be enough to save possibly hundreds of viable firms facing the threat of liquidation because they are unable to raise much-needed capital?
Meanwhile, the Conservatives described it as a "pale imitation" of their own proposals.
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