SOME form of Government intervention into British Leyland was "inevitable"

21st February 1975, Page 15

21st February 1975

Page 15

Page 15, 21st February 1975 — SOME form of Government intervention into British Leyland was "inevitable"

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in the current inflationary climate, Lord Stokes told Leyland shareholders in London on Monday. Lord Stokes, who revealed he had cut his own salary by f 17,000 a year, told the meeting that

. he had no intention of resigning.

Of the company's financial future, Lord Stokes said that, although several alternatives were under review, Government intervention would act as a catalyst for completing the changes the company had started.