Cuts watch #52: private sector contracts get reprieve
Some good(ish) news at last. The FT reports (registration required) that the Treasury review of private sector contracts will probably let most go ahead. It says that the bulk of loans and guarantees for the car industry and offshore wind will continue. Cameron has already confirmed that a £21 million grant to Nissan to produce the Leaf electric car has been spared the chop. However, the article specifically mentions that the £80 million loan to Sheffield Forgemasters to build components for new nuclear power stations is in the balance.