Asturias56,
Just as a reminder this loan was on very shaky legal grounds when first suggested, if the official advice is to refuse it, I can understand the Treasury saying no - and the governmental would be in very thin ice to override them…
https://archive.ph/2024.03.11-003808...olff-8xtfmfdb8
Ministers accused of ‘backdoor bailout’ for Harland &Wolff