The government’s inquiry into the demise of the Birmingham-based carmaker MG Rover in 2005 has already cost more than £15m, the government has said.
The investigation is looking into what happened between the acquisition by Phoenix Ventures in 2000 and the firm falling into administration in 2005.
In a written parliamentary answer, the Business Minister Pat McFadden said the cost by 31 March had been £15,191,376.
The inspectors have not been given a target date to complete their work.
The answer was in response to a question from Peter Luff MP, Conservative chairman of the Business and Enterprise Select Committee. Ful story…