A Car of One’s Own
Andrew O’Hagan: Chariots of Desire, 11 June 2009
“... was part-nationalised in 1975 – and several banks have been as good as nationalised this year. Peter Mandelson recently said that the £2.3 billion in loan guarantees he unlocked for the car industry were no ‘bail-out’, being intended to promote its ‘greening’, but this was just a fancy way of getting access to £1.3 billion from the European ... ”