CITY VIEWS: IS ENOUGH BEING DONE TO HELP VAUXHALL WORKERS?
ROY SUDEEPTO INDEPENDENT BANKING ANALYST
“This had to come, but its unfortunate that the industry didn’t see it coming. It’s really a natural reorganisation of supply and demand, a restructuring of the economy. I do feel for the workers who have lost their jobs but the car industry didn’t have a sustainable model. It has been a rude awakening.”
ANDY KING FOREX CAPITAL MARKETS
“If Vauxhall was doing well then there should be some sort of government aid and you could say that Mandelson should be fighting the British corner on this. But it comes down to whether we take a British or international approach. The average man on the street doesn’t get a bailout.”
LOLA BIGGS ESTEE LAUDER
“Why can’t Britain offer a bridge loan to Magna like the Germans, to save jobs? My mother’s partner lost his job at a carmaker and has been offered no support at all. We should be looking more at helping industries like carmakers, which might make the economy as whole more stable.”