The Telegraph has a few interesting quotes “…would not simply throw money at Bae as the company has to face up to its responsibilities…” whilst at the same paragraph stating that “…admitted it also had to act in the best interests of the nations defense…”
Sounds like bail out time to me or we wont use the penalty clause but just this once
It must be pointed out that the northwest is heavily dependent on the manufacturing industry. In Lancshire the aerospace industry is I believe the number one employer and as we all know things up north are never as good as down south large scale redundancies will make things worse. Also if Bae starts massive layoffs all the voters in a Labour stronghold wont be very impressed.
Im not any friend of Bae but its so large now that the government simply cannot let it fail.