Critics have warned that UK ministers risk creating a “moral hazard” after they granted a ￡1.5bn loan guarantee to carmaker JLR to support its supply chain following a devastating cyber attack.
Although the guarantee announced on Saturday has received cross-party support, both JLR and the government are likely to come under intense pressure to explain the agreement’s terms.
The intervention also highlights questions about the adequacy of JLR’s preparation for a cyber attack and its response to the August 31 incident. The manufacturer has been unable to resume production since the attack, putting at risk the jobs of about 200,000 workers in the company’s supply chain.
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