The Birmingham Mail and Birmingham Post have reported that the High Court has turned down a claim by Phoenix Venture Holdings that bankers at HBOS illegally withdrew £12 million earmarked for workers’ compensation.
Rover Community Action Trust chair, Gemma Cartwright MBE, told the Birmingham Post: “People have put their lives on hold believing that this money was going to come. They will be absolutely shattered.
“We get asked all the time; when we go shopping in Northfield, people say: ‘Are you still fighting for that Trust Fund money? Do you know when the Fund is coming?’ You can see the pain that people are going through.
“There’s still hardship in the Longbridge area. We know of former Rover workers who have been made redundant two, three times, even more.
“Relationships have broken up and you have people aged 45 to 48 who have had to go back to live with their parents because they can’t get mortgages.”
Local historian and MG Rover Trust Fund trustee Carl Chinn told the Mail: “Instead of spending all this money on court cases, the Phoenix Four should now do the honourable thing and put £1 million each of their own money into the Employee Trust Fund.”
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