Jonathan Reynolds responds to reports that Britishvolt is set to enter administration

Jonathan Reynolds MP, Shadow Secretary of State for Business and Industrial Strategy, responding to reports that Britishvolt is set to enter administration, said:

“This disastrous news is a further reminder that the economic crisis made in Downing Street is costing jobs and investment.

“It is a sight that has become all too familiar - businesses going under, jobs being lost, and investment in the industries of the future going abroad rather than the UK.

“The blame here lies with a Conservative government that has run Britain's economy down over twelve years, failed to back growing industries as other countries have, and has completely failed to grow our economy.

“Labour will end this scandal. We will buy, make and sell more in Britain. Our Industrial Strategy will give firms the certainty to invest and our National Wealth Fund will invest in the industries of the future. Labour will bring good jobs back to our industrial heartlands and secure the future of the automotive industry for decades to come.”