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Britain will back Jaguar Land Rover with a £1.5 billion loan guarantee to shore up its supply chain after the luxury carmaker’s production was halted by a cyberattack. The guarantee, underpinned by UK Export Finance, aims to prevent supplier collapse.
Jaguar Land Rover’s production shutdown has now stretched nearly a month. The disruption stems from a severe cyber-attack that crippled its IT systems, halting operations across its factories and putting its suppliers under existential pressure.
Some smaller suppliers have warned they have as little as a week’s cash left before insolvency. In the regions around Birmingham and Liverpool, where JLR’s factories are key employers, firms are cutting hours and making redundancies.
Business Minister Peter Kyle framed the attack as “not only an assault on an iconic British brand, but on our world-leading automotive sector,” adding that the guarantee is intended to “support the supply chain and protect skilled jobs.”
The loan guarantee will be privately financed and guaranteed by UK Export Finance. It is designed to unlock £1.5 billion in support for parts makers, logistics firms and other suppliers tied to JLR.
JLR is owned by India’s Tata Motors, and the company’s three UK factories together produce about 1,000 cars daily in normal times. The knock-on effect of the shutdown is significant in terms of jobs, exports, and industrial confidence.
The cyberattack itself began on 31 August, and by early September JLR had shut down many parts of its IT infrastructure. Though some systems have now been restored (allowing supplier payments and parts distribution), full production remains paused.
Government support is not limited to this guarantee; ministers have been exploring additional measures, including expedited payments to suppliers, tax deferrals, or direct purchase of components to keep cash flowing.
The scale of the guarantee signals how serious the government considers the risk not just to JLR, but to the UK’s broader industrial base, this is more than a carmaker rescue, it’s a test of supply chain resilience in an era of mounting cyber threats.
The death toll from Hong Kong’s deadliest fire in decades has risen to 161, after forensic analysis confirmed one more victim among the charred remains at Wang Fuk Court in Tai Po, more than three weeks after the blaze began, authorities said on Saturday.
Israeli Prime Minister Benjamin Netanyahu is set to meet President Donald Trump on 29 December in Florida, where he is expected to present a package of military options regarding Iran, Israel’s public broadcaster KAN reported on Saturday.
The U.S. Coast Guard is pursuing an oil tanker in international waters near Venezuela, officials told on Sunday, in what would be the second such operation this weekend and the third in less than two weeks if successful.
The United States has proposed a potential new format for peace talks between Ukraine and Russia, which could include American and European representatives, Ukrainian President Volodymyr Zelenskyy said on Saturday, December 20.
A major power outage swept across San Francisco on Saturday, leaving up to 130,000 customers without electricity, disrupting traffic and forcing some businesses to close temporarily, officials said.
Australia on Sunday, honoured victims of an attack that happened a week ago during a seaside Hanukkah celebration, as the prime minister announced a review of the country's law enforcement and intelligence agencies.
Israeli forces have launched new airstrikes across multiple areas of the Gaza Strip, despite an ongoing ceasefire agreement leading to multiple casualties.
Ukrainian forces have withdrawn from several positions in the north-eastern Sumy region, Kyiv confirmed on Sunday, 21 December, in a move linked to intense fighting near the Russia-Ukraine border.
A photo of U.S. President Donald Trump that had been removed from the cache of Jeffrey Epstein files released by the Department of Justice was restored on Sunday.
A Russian general has been killed in a car bomb attack in southern Moscow, with investigators saying Ukrainian special services may have been involved.
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