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Page last updated at 08:38 GMT, Friday, 16 January 2009

Subsidy 'cheaper' than letting jobs go


The Vice-president of the European Commission has called for member states to work together on a rescue plan for the motor industry. Correspondent Paul Greer reports on the 10,000 unsold Hondas vehicles waiting at the sea terminal at Southampton and Rex Baintain, of motor components company Stephens Gaskets, explains how a lack of consumers is harming his business. Jon Moulton, of buy-out specialists Alchemy Partners, discusses whether the government should subsidise the manufacturing industry.

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