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Harland & Wolff insisted it was still in talks with ministers over a £200m lifeline after reports Labour was set to block its request for help.
In a London stock market update yesterday, the shipyard behind the Titanic said the government had not made any decision on guaranteeing a loan to keep it afloat.
This followed reports that Sir Keir Starmer was planning to block the loan after deciding it would be an inappropriate use of public funds.
Distress call: Harland & Wolff said the government has not made any decision on guaranteeing a loan to keep it afloat
This fuelled fears that the 162-year-old company could go bust after its shares were suspended this month when it failed to file audited accounts.
But Harland & Wolff said yesterday it was still discussing its application with the Government and that the reports were “misleading”.
The Belfast group is seeking to borrow money from a consortium of UK banks but needs the government to act as guarantor.
This means that if the loans went bad, the state would step in to repay the lenders.
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