Britain give $3.2 Billion to carmakers

British government has given $3.2 billion to its carmakers. the business secretary, Peter Mandelson, told Parliament on Tuesday that the government offered automakers and suppliers access to £1.3 billion in loan guarantees from the European Investment Bank, topped off with another £1 billion from the Treasury.

The plan came a month after the United States pumped billions of dollars into General Motors and Chrysler, and France and Germany announced aid packages to support their automakers.

He said the government would also increase the amount that it spent on the training of employees. “There is no blank check on offer, no operating subsidies,” Mr. Mandelson said.

The opposition Conservative Party criticized the measures are “too little, too late” and accused the government of dithering while other nations moved swiftly to support their automakers.

Any aid to auto manufacturers in Britain is potentially more controversial than in those other countries. Though the industry adds about £10 billion to Britain’s economy and employs more than 800,000, most of the British manufacturers are owned by foreign companies.