Harland & Wolff in the balance as government explains lifeline rejection

A financial lifeline will not be thrown to troubled shipbuilder Harland & Wolff (H&W) by the government due to a "very substantial risk that taxpayer money would be lost", it has been announced.

The company, which employs more than 1,500 people across its operations including its main yard in Belfast, had been in talks with the Department for Business and Trade over support including a £200m Export Development Guarantee.

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