Gordon Brown has expressed optimism that the future of MG Rover’s Longbridge plant will be safeguarded.
The chancellor signalled that a £1bn proposed investment by Shanghai Automotive Industry Corporation in the British carmaker would happen soon.
He was speaking at the beginning of this three-day visit to China. Brown will meet senior Chinese industrial officials today.
References: Financial Times 22/02/05 page 2, The Guardian 22/02/05 page 17, page 18 (Notebook), The Times 22/02/05 page 36, The Daily Telegraph 22/02/05 page 29, The Independent 22/02/05 page 34, page 37 (Outlook
