Eurotunnel on its own, says Labour
THE Labour Party has been approached by lobbyists representing Eurotunnel, the troubled channel tunnel operator, seeking to find out whether a Labour government would bale the company out should it collapse, an MP has claimed.
The approach appears to have sparked a debate within the party about its response, which has concluded that Labour would not save the company.
One Labour MP told the Independent on Sunday: "Several of my colleagues have been approached by lobbyists. They wanted to know whether a Labour government would bale them out if they collapsed."
The front-bench trade and industry spokesman, Stuart Bell, said: "The leaning in the party at the moment is that it is a market creation and there should be a market solution. It would be unfortunate for the banks, but we don't see why taxpayers' money should be used to save it."
Sir Alastair Morton, Eurotunnel's co-chairman, said: "Nobody has any authority from the company to approach the Labour Party. Eurotunnel is up and running and the numbers are starting to flow."
Subscribe to Independent Premium to bookmark this article
Want to bookmark your favourite articles and stories to read or reference later? Start your Independent Premium subscription today.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies