After pouring billions into the essentially corrupt and culpable banking sector it seems crazy that the government is so reticent when asked to support Britain's ailing car manufacturers.
GM employs more than 5000 people in the UK and countless others are employed in the support industry which has built up around the business. GM is on the point of bankruptcy in the US, whilst GM Europe can survive until June at the latest. The company is desperate to offload its European operations and the chances of any deal being in place in time to save jobs, or indeed a deal which didn't require major job cuts, are very slim.
Which is why the Government needs to step in and takeover Vauxhall now. There's the small matter of the money which needs to be pumped into the business - but against the backdrop of the damage and costs of all those job losses its a small price to pay.