DEVELOPING: Government Intervenes to Secure £1.5bn Jaguar Land Rover Loan Amid Cyber Crisis

BREAKING NEWS Government Intervenes to Secure £1.5bn Jaguar Land Rover Loan Amid Cyber Crisis The UK government has announced it will underwrite a £1.5 billion loan guarantee to Jaguar Land Rover (JLR) to support its suppliers as the car maker's production remains halted due to a cyber attack. The loan, from a commercial bank, will be guaranteed by the Export Development Guarantee (EDG), a financial support mechanism aimed at helping UK companies who sell overseas. Business Secretary Peter Kyle said the move is designed to protect jobs in the West Midlands and across the UK. JLR's suppliers, mostly small businesses, have been struggling due to the prolonged shutdown, which has lasted for weeks since the end of August. The company operates the largest supply chain in the UK automotive sector, employing around 150,000 people. The loan guarantee is expected to give suppliers some much-needed certainty as they face significant cash flow pressures. The government's intervention aims to prevent potential supplier failures and maintain stability in the industry. This is a developing story, with further updates expected as more information becomes available. *This is a developing story. Updates will be provided as more information becomes available. Based on reporting from Bbc.*