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Kwasi Kwarteng tight-lipped over Nissan bung

Business secretary Kwasi Kwarteng has said it would be “irresponsible” to say how much taxpayer’s money has been handed to Nissan as an incentive to stay in the UK post-Brexit.

The Japanese car giant announced it is to build a new electric model and huge battery plant in Sunderland after it was handed a package of financial support, thought to be worth up to £100 million.

More than 1,600 jobs will be created in the North East and an estimated 4,500 in supply companies for the new-generation all-electric vehicle.

Nissan chief operating officer Ashwani Gupta also would not say how much financial backing the UK Government has given the project, much to the bemusement of people on social media.

Here’s what people had to say:

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Jack Peat

Jack is a business and economics journalist and the founder of The London Economic (TLE). He has contributed articles to VICE, Huffington Post and Independent and is a published author. Jack read History at the University of Wales, Bangor and has a Masters in Journalism from the University of Newcastle-upon-Tyne.

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Tags: Brexit