Unions and ministers were last night locked in a battle of wills over explosive claims that a major car plant is on the brink of collapse.
Britain’s biggest union Unite insisted that 6,000 jobs were in ‘imminent’ danger unless the Government offered an immediate cash subsidy.
However, it refused to name the site and insiders said the union merely wanted to ‘frighten’ the Treasury into coming up with the cash
Repossessions could exceed the heights reached during the property crash of the early 1990s amid a ‘huge spike’ in defaults, according to respected economics consultancy Fathom.
The crisis will be triggered by a surge in unemployment to four million, or 13 per cent of the workforce, according to Danny Gabay, a former Bank of England economist.