Saab Great Britain, the UK arm of Swedish car manufacturer Saab Automobile, has filed for administration on the back of funding troubles with Chinese investors.
The company said that it had previously received a conditional funding commitment from Youngman (China Youngman Automobile Group) for the payment of the wages of Saab Automobile employees and for ongoing operations at Saab GB. However, the firm has not yet received any money.
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Reducing cash ISA limit will make lending difficult and expensive, warn providersAn open letter from the Building Societies Association has urged the chancellor to keep the cash ISA limit at £20,000. We look at whether a smaller cash ISA allowance will make it harder to get a mortgage or loan
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