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Government mulls financial support for supply chain firms

Jaguar Land Rover's cyberattack-induced production halt threatens its suppliers, particularly smaller firms solely reliant on JLR. The government is considering intervention, potentially purchasing parts to keep suppliers afloat until JLR's October 1st restart. Options include government-backed loans, though a Covid-style furlough is ruled out. The attack, costing JLR £50m weekly, highlights the lack of cyber insurance and the risk of widespread job losses.

Prepared by Christopher Adams and reviewed by editorial team.

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