The UK government is stepping in with financial support for Jaguar Land Rover, providing it with a hefty loan as it continues to battle the fallout from a cyberattack.

A government-backed loan to the tune of £1.5 billion ($2 billion) will be made available to the carmaker to support its recovery and the companies in its extensive supply chain struggling as JLR brings its invoicing systems back online.

Business secretary Peter Kyle said: "This cyberattack was not only an assault on an iconic British brand, but on our world-leading automotive sector and the men and women whose livelihoods depend on it.

"Following our decisive action, this loan guarantee will help support the supply chain and protect skilled jobs in the West Midlands, Merseyside, and throughout the UK.

"We're backing our

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