Overview

• Ministers confirmed a government guarantee for a £1.5bn commercial bank loan via UK Export Finance’s Export Development Guarantee, to be repaid over five years.
• JLR said a controlled, phased recovery is under way and told staff, retailers and suppliers that some manufacturing will resume in the coming days after key IT systems were restored to process supplier payments.
• The Wolverhampton engine plant is expected to be the first to restart, according to multiple reports, with full output likely to take weeks to rebuild.
• JLR acknowledges that some data was affected, and a group styling itself “Scattered Lapsus$ Hunters” has claimed responsibility, though officials have not confirmed attribution.
• Unions welcomed the support to protect jobs as industry groups pressed for swift relief to small suppliers, and separate reporting says JLR is seeking roughly £2bn more in emergency funding after weeks of losses.