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MG Rover

I served on the Trade and Industry Committee at that time, and it was obvious to us that had Alchemy taken over, there would have been a bigger catastrophe than there is now. Five years down the road, people tend to forget what the circumstances were. We spent many hours on the issue—hon. Members can look at the report. It was not something that we took lightly. We went to the site and spoke to everybody concerned, and it became apparent that despite press statements to the contrary, Alchemy was perceived to be an asset stripper.