Can Government Rescue Britain's Steel Industry?
www.bbc.co.uk/news/uk-politics-35939409
... plans don't seem too promising, I'm afraid! And, as a sorrowful adjunct to the figures I [originally] quoted back in January ...
http://filipinaroses.com/showthread....Steel-Industry
... it really does look like "ta ta"- with resultant MASSIVE job losses.
Throwing good money after bad,
End of the day the government cannot help out because Europe says they cant, another reason to get out of Europe,
There are only the owners of Tata steel who will come out of this richer
I don't think it should be the governments problem, everyone seems to blame them for everything, if someone is interested in TATA Steel and think it's profitable long term surely they will buy it, Trump should instead of getting involved in something he knows nothing about. Just my view
This government in particular has no intention of trying to save anything that does not directly effect their own personal or their paymasters wealth. In this country we now we have unbridled conservatism at its most vicious and they have no interest in an Indian owned steel company as most of the people working there probably do not vote for them.
All that you will hear from Mr Cameron and his banker sidekick Sajid Javid is that they have been in negotiation with Tata who have graciously agreed to keep the plants open until a buyer can be found. In reality though it is just a behind the scenes deal with Tata to hold off shutting the plants down until after the EU referendum for obvious reasons. But that will not stop them spinning it off as the action of a caring government
Some of the plants like Shotton and Rotherham will be sold as they make specialised products. But Port Talbot just makes regular grade steel for cars and fridges and is of little interest to anybody.
People will say why should we prop up an industry that is losing money? but that did not stop them from continuing to prop up the banks with taxpayers money, low interest bonds and endless quantitative easing, when at the time most banks were technically BANKRUPT. ......Read my first sentence for the explanation why?
The French and Germans must be killing themselves laughing at us as they remember how they sent our "I am going to get a treaty change" prime-minister home with scraps. And now his steel industry goes down the toilet.........Angela to Francois shall we buy it?.....Francois to Angela...Oui pour un euro
I personally an embarrassed to be British at this moment in time.
By the way Tata also own Jaguar Land Rover and when the big cats stop selling then that will be next as they have already built a shiny new plant in China.
Originally Posted by Jenky
Are you quite sure about that
April fool jokes are meant to finish at midday
It might be an April fools joke in your mind but not in the minds of those staring sown the barrel of their livelihood and community disappearing whilst your government blames it all on the Chinese and market forces.
I wonder if we would have the same response by Dave and his cronies if HSBC and Citi-Group announce they are leaving the City of London. No of course not....
The Chines are bank rolling a new nuclear power plant for us and this is the price we have to pay to keep them sweet. The harsh reality of business. Unbridled conservatism.
Care to remind us when we propped up the banks, and who did it
Leaving our country without top quality steel manufacturing capability would be sheer lunacy.
Again we are the laughing stock of Europe (the other EU members guarding their own interests of course), if not the world.
If you leave your back door open someone will step in and take your stuff.
Cameron and his clowns are hopeless !
The latest revelation is that 'buy to let' was/is bad for the housing market !
Well no ***t !
Lots of happy foreigners who own practically whole British towns though... while our own kids will probably never own a home in their own country !
Who propped up the banks? Gordon Brown initially.....You think that was a labour government?.....The Blair and Brown government was more conservative than the conservative party was at the time. That is why they could not defeat Teflon Tony! For your information a proper Labour government would be something akin to Jeremy Corbin being prime-minister.
But David and his cronies have followed up with the low interest loans and quantitative easing to continue the good work ensuring that the already wealthy still remain wealthy whilst kidding you that if they do not act then it all goes t"ts up and you can kiss goodbye to your house and your pension.
We are the laughing stock of the world let alone Europe and once again I state that I am ashamed to be British by being represented by a government that is incompetent beyond belief. When they announce policies in a budget and 24 hours later do a complete U-turn (and not for the first time) just shows that they have no idea what the country feels...Unbridled conservatism......lets push them as far as we feel we can get away with and if the reaction is not excessive then we have got away with it. If not we U-turn and say that we are caring and listening.
Basically they rely on their policy being NIMBY of their voters and if they can keep it that way then they are doing a good job. Chinese have already locked up the steel industry and like a few people on this forum that have also spent time in China they know that other industries and services are soon to follow. They have the skilled people in place already.
Agree with the above.
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