UK backs £1.5bn for JLR suppliers as money runs out

The UK government will underwrite a £1.5bn (US$2bn) loan guarantee for Jaguar Land Rover to shore up cash reserves and keep its supply network afloat after a cyberattack in August led to a production shutdown that is still ongoing. The backing follows urgent warnings that suppliers are running out of money as the shutdown drags on—some as little as seven to ten days, according to Labour MP Sarah Edwards.