Government to guarantee £1.5bn loan to Jaguar Land Rover after cyber shutdown

Government agrees to guarantee £1.5bn loan to JLR following cyber attack disruption The UK government is set to provide a £1.5 billion loan guarantee to Jaguar Land Rover (JLR) to assist its suppliers amidst a cyber attack that has halted production. Business Secretary Peter Kyle announced the underwriting of the loan from a commercial bank to protect jobs in various regions. JLR's suspension of production due to the cyber incident has raised concerns about potential supplier bankruptcies, emphasizing the significance of this financial support.