Alistair Darling must act to help the automotive supply chain when he delivers his budget next week, a cross-party group of MPs has demanded.
Labour, Conservative and Liberal Democrat politicians today published a report in which they called on the Chancellor to help firms cope with the recession when he delivers the Budget on Wednesday.
MPs called for government funding for “short-time working”, in which staff temporarily moved on to part-time hours are provided with training and wage subsidies.
Other proposals include support for vehicle finance arms and government measures to improve communication between banks and manufacturers. The MPs also backed calls for a “scrappage” scheme.
Ministers are expected today to announce plans to promote electric vehicles by offering drivers a £5,000 discount on electric cars. They will also invite cities to bid for the title of “green city”, entitling them to a share of £250 million in funding for transport improvements.