It didn't take long for the blame-game to start at the aftermath of the MG Rover collapse. The British government has ordered a formal inquiry and accused the directors of parent company Phoenix Venture Holdings of dipping into the till. Phoenix Chairman John Towers said he was paid "significantly below average" and had nothing to hide when asked his take on the inquiry into MG Rover's finances. More than 5,000 of Rover's 6,000 employees will lose their jobs in the breakup.

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