Govt: £1.5bn JLR loan will secure jobs at car giant

ODN

Housing Secretary Steve Reed says the £1.5bn loan granted by the government to Jaguar Land Rover after a crippling cyber attack on the car giant will "secure jobs that would otherwise be at risk". Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

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00:00The government is underwriting a £1.5 billion private sector loan to Jaguar Land Rover

00:06because that is the way that we can secure those jobs that would otherwise be at risk.

00:11And we cannot stand by and watch thousands of jobs disappear.

00:16We're very, very focused on supporting the car industry.

00:19The US trade deal protected tens of thousands of jobs in that sector.

00:23But we're also working with JLR and with other businesses

00:26to make sure we can support them to become more resilient and better defended

00:30about the kind of cyber attacks that we're increasingly seeing.

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