The UK government will guarantee a £1.5 billion loan to JLR to help it support suppliers who have been hit by the production shutdown sparked by a cyber attack. The loan to the Tata-owned car firm will be issued by a commercial bank, but will be underwritten by the UK government. As well as costing JLR an estimated £50 million a week, it has badly hit the firm's suppliers. It will instead underwrite a single loan to JLR through the Export Development Guarantee (EDG), with JLR repaying the money over a period of five years. Chancellor Rachel Reeves added that the loan would help JLR "support their supply chain and protect a vital part of the British car industry."