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British Steel on verge of collapse
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By *ara J OP TV/TS
over a year ago
Bristol East |
Company says Brexit is killing orders from Europe.
Already bailed out once by the UK Government and reportedly on the verge of administration unless the UK coughs up another £75 million.
4500 jobs. |
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By *ostafunMan
over a year ago
near ipswich |
"Company says Brexit is killing orders from Europe.
Already bailed out once by the UK Government and reportedly on the verge of administration unless the UK coughs up another £75 million.
4500 jobs."
Its the uncertainty that is killing business and you have the remainers to blame for that by keeping prolonging the leave process. |
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"Company says Brexit is killing orders from Europe.
Already bailed out once by the UK Government and reportedly on the verge of administration unless the UK coughs up another £75 million.
4500 jobs.Its the uncertainty that is killing business and you have the remainers to blame for that by keeping prolonging the leave process."
F*ck off. You were told this would happen and you dismissed it as Project Fear. Own your shitshow. |
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By *ara J OP TV/TS
over a year ago
Bristol East |
Not really.
Steel orders have long lead times - customers anticipate tariffs on UK exports, so have switched to other suppliers.
And the people who are blocking the UK's exit are those who say they want it the most. They keep blocking it. |
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By (user no longer on site)
over a year ago
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"Company says Brexit is killing orders from Europe.
Already bailed out once by the UK Government and reportedly on the verge of administration unless the UK coughs up another £75 million.
4500 jobs."
Why would Brexit kill orders . ? . The UK steel.industry has faced intense competition from other countries selling inferior products for a long time .
Seems any bad news is blamed on Brexit. |
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By *abioMan
over a year ago
Newcastle and Gateshead |
"what about the steel industry in teesside a few yrs back was that brexit pity the government didn’t bail them out but after all it was only the north east "
nope... that would have been cheap chinese steel which was being dumped in the EU.... of which 27 EU countries wanted to put a 25% tariff on at the time.....
1 EU country resisted the move and only relented afterwards.... care to guess which EU country resisted tariffs going on????
bet ya can't.....
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By *ercuryMan
over a year ago
Grantham |
British Steel has £120 million from the Government just a few weeks ago.
Despite Greybull Investments initial optimism that they could turn this business around, they do seem to be relying on taxpayer subsidy to keep going. |
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By (user no longer on site)
over a year ago
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"Company says Brexit is killing orders from Europe.
Already bailed out once by the UK Government and reportedly on the verge of administration unless the UK coughs up another £75 million.
4500 jobs.
Its the uncertainty that is killing business and you have the remainers to blame for that by keeping prolonging the leave process."
So Moggys a remainer now  |
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By (user no longer on site)
over a year ago
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"what about the steel industry in teesside a few yrs back was that brexit pity the government didn’t bail them out but after all it was only the north east
nope... that would have been cheap chinese steel which was being dumped in the EU.... of which 27 EU countries wanted to put a 25% tariff on at the time.....
1 EU country resisted the move and only relented afterwards.... care to guess which EU country resisted tariffs going on????
bet ya can't.....
"
oohh i love quizzes...errm was it the former Yugoslovenian republic of czecherserbrovia? |
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"Company says Brexit is killing orders from Europe.
Already bailed out once by the UK Government and reportedly on the verge of administration unless the UK coughs up another £75 million.
4500 jobs.Its the uncertainty that is killing business and you have the remainers to blame for that by keeping prolonging the leave process."
The reason there's no Brexit is fuck all to do with remainers and everything to do with the DUP and ERG Brexit ultras |
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"Company says Brexit is killing orders from Europe.
Already bailed out once by the UK Government and reportedly on the verge of administration unless the UK coughs up another £75 million.
4500 jobs. Why would Brexit kill orders . ? . The UK steel.industry has faced intense competition from other countries selling inferior products for a long time .
Seems any bad news is blamed on Brexit. "
If you have to ask why is Brexit killing orders then you have no understanding of how the steel industry works. FFS it isn't rocket science. |
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By (user no longer on site)
over a year ago
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"Company says Brexit is killing orders from Europe.
Already bailed out once by the UK Government and reportedly on the verge of administration unless the UK coughs up another £75 million.
4500 jobs.Its the uncertainty that is killing business and you have the remainers to blame for that by keeping prolonging the leave process."
Remainers.and the ERG. 
Altbough one wonders how uncertainty through. Worst case is tarrifs (aka no deal) so why can't they plan for that and anything else is a win. Unless customers don't like no deal and would get the steel. Elsewhere if we did go that route |
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By (user no longer on site)
over a year ago
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"British Steel has £120 million from the Government just a few weeks ago.
Despite Greybull Investments initial optimism that they could turn this business around, they do seem to be relying on taxpayer subsidy to keep going. "
The government had to buy carbon credits on behalf of British Steel because even though we haven't left the EU yet they wouldn't allow British Steel to buy them.
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By *ercuryMan
over a year ago
Grantham |
"British Steel has £120 million from the Government just a few weeks ago.
Despite Greybull Investments initial optimism that they could turn this business around, they do seem to be relying on taxpayer subsidy to keep going.
The government had to buy carbon credits on behalf of British Steel because even though we haven't left the EU yet they wouldn't allow British Steel to buy them.
"
Yes, the £120 million is only supposed to be a loan. |
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"what about the steel industry in teesside a few yrs back was that brexit pity the government didn’t bail them out but after all it was only the north east
nope... that would have been cheap chinese steel which was being dumped in the EU.... of which 27 EU countries wanted to put a 25% tariff on at the time.....
1 EU country resisted the move and only relented afterwards.... care to guess which EU country resisted tariffs going on????
bet ya can't..... I’d answer Fabio but you never answer any of mine
"
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By (user no longer on site)
over a year ago
|
"British Steel has £120 million from the Government just a few weeks ago.
Despite Greybull Investments initial optimism that they could turn this business around, they do seem to be relying on taxpayer subsidy to keep going.
The government had to buy carbon credits on behalf of British Steel because even though we haven't left the EU yet they wouldn't allow British Steel to buy them.
"
Isn't it more the fact BS been given any credits (as our allowance has been suspended atm) and so had a bigger bill than expected which they couldn't fund.
So the government helped.
Not that BS could pay but werent allowed to buy credits. |
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By (user no longer on site)
over a year ago
|
"British Steel has £120 million from the Government just a few weeks ago.
Despite Greybull Investments initial optimism that they could turn this business around, they do seem to be relying on taxpayer subsidy to keep going.
The government had to buy carbon credits on behalf of British Steel because even though we haven't left the EU yet they wouldn't allow British Steel to buy them.
Isn't it more the fact BS been given any credits (as our allowance has been suspended atm) and so had a bigger bill than expected which they couldn't fund.
So the government helped.
Not that BS could pay but werent allowed to buy credits. "
So British Steel were suspended from buying carbon credits. So therefore the Government had to buy them on their behalf.
So in other words British Steel weren't allowed to buy carbon credits.
Isn't that what I've just said? |
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By (user no longer on site)
over a year ago
|
"British Steel has £120 million from the Government just a few weeks ago.
Despite Greybull Investments initial optimism that they could turn this business around, they do seem to be relying on taxpayer subsidy to keep going.
The government had to buy carbon credits on behalf of British Steel because even though we haven't left the EU yet they wouldn't allow British Steel to buy them.
Isn't it more the fact BS been given any credits (as our allowance has been suspended atm) and so had a bigger bill than expected which they couldn't fund.
So the government helped.
Not that BS could pay but werent allowed to buy credits.
So British Steel were suspended from buying carbon credits. So therefore the Government had to buy them on their behalf.
So in other words British Steel weren't allowed to buy carbon credits.
Isn't that what I've just said? "
No. Afik British steel can buy credits. They weren't given an allocation of free credits as they used to (that bit has been suspended) and hadn't budgeted for this and had to find the money to buy them. And so needed to ask for the loan. It may be they would have needed to buy some anyway. Just not as much as they do now. |
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"Company says Brexit is killing orders from Europe.
Already bailed out once by the UK Government and reportedly on the verge of administration unless the UK coughs up another £75 million.
4500 jobs."
Our chippy is closing down says it is because of Brexit !!!! Not that the land and his shop have been sold for new housing lol |
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"Company says Brexit is killing orders from Europe.
Already bailed out once by the UK Government and reportedly on the verge of administration unless the UK coughs up another £75 million.
4500 jobs.Its the uncertainty that is killing business and you have the remainers to blame for that by keeping prolonging the leave process."
|
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"Company says Brexit is killing orders from Europe.
Already bailed out once by the UK Government and reportedly on the verge of administration unless the UK coughs up another £75 million.
4500 jobs.
Our chippy is closing down says it is because of Brexit !!!! Not that the land and his shop have been sold for new housing lol"
So British Steel have no idea whatsoever why theyre going down the pan? I suspect it's not because theyve sold their sites for housing |
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By (user no longer on site)
over a year ago
|
"Company says Brexit is killing orders from Europe.
Already bailed out once by the UK Government and reportedly on the verge of administration unless the UK coughs up another £75 million.
4500 jobs.Its the uncertainty that is killing business and you have the remainers to blame for that by keeping prolonging the leave process. "
Post 1. Implies company is using Brexit as an excuse.
Post 2. Thumbs up when some says its Brexit (but the remainers fault) |
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By *estivalMan
over a year ago
borehamwood |
so a private company being bailed out by the tax payer yet the crooks who own it have been taking tens of millions of pounds out of it since they brought it mmmm yea that sounds fair.just what i pay tax for to bail out yet another private company |
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"Company says Brexit is killing orders from Europe.
Already bailed out once by the UK Government and reportedly on the verge of administration unless the UK coughs up another £75 million.
4500 jobs.Its the uncertainty that is killing business and you have the remainers to blame for that by keeping prolonging the leave process."
What a loads of bollocks it's the leavers that have caused the problem. |
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"so a private company being bailed out by the tax payer yet the crooks who own it have been taking tens of millions of pounds out of it since they brought it mmmm yea that sounds fair.just what i pay tax for to bail out yet another private company"
so what about the thousands of employees that work in that industry and pay in like you do don’t they deserve a bit of help
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By *ostafunMan
over a year ago
near ipswich |
"Company says Brexit is killing orders from Europe.
Already bailed out once by the UK Government and reportedly on the verge of administration unless the UK coughs up another £75 million.
4500 jobs.Its the uncertainty that is killing business and you have the remainers to blame for that by keeping prolonging the leave process.
What a loads of bollocks it's the leavers that have caused the problem. "
How many remainer mps have voted to leave even though they said in their mandate when elected that they would honour the referendum??? |
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By *ara J OP TV/TS
over a year ago
Bristol East |
How much did we spend bailing out rotten, greedy banks?
Hundreds of billions of £s.
I don't know which mechanism is best. But can you imagine the resentment if the company does fold? |
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By *estivalMan
over a year ago
borehamwood |
"so a private company being bailed out by the tax payer yet the crooks who own it have been taking tens of millions of pounds out of it since they brought it mmmm yea that sounds fair.just what i pay tax for to bail out yet another private company so what about the thousands of employees that work in that industry and pay in like you do don’t they deserve a bit of help "
im pretty sure if the firm i work at was going down the pan and they asked the gov to bail em out they would tell em to sling there hook.and we would get standard redundancy.and didnt they have 100 million a week or two ago.yea its shit people will lose there jobs.belive me happend to me twice last time wen the banks went tits up. |
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By (user no longer on site)
over a year ago
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British steel is just one company just wait until brexit really kicks in and the EU start buying other stuff from elsewhere!!
But don’t worry the brexit lot have a plan! |
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"so a private company being bailed out by the tax payer yet the crooks who own it have been taking tens of millions of pounds out of it since they brought it mmmm yea that sounds fair.just what i pay tax for to bail out yet another private company so what about the thousands of employees that work in that industry and pay in like you do don’t they deserve a bit of help
im pretty sure if the firm i work at was going down the pan and they asked the gov to bail em out they would tell em to sling there hook.and we would get standard redundancy.and didnt they have 100 million a week or two ago.yea its shit people will lose there jobs.belive me happend to me twice last time wen the banks went tits up."
it will decimate my local area if it goes we’ve already lost the coal mines and shipbuilding I personally know people who work in two of the mills and they are bricking it |
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By (user no longer on site)
over a year ago
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Poor old Jamie and his staff won't get a bailout.
Jamie Oliver's restraint empire collapsed with a 1000 jobs gone and the CEO has blamed the fall in the pound and brexit . He didn't mention if remainers or brexiters were the real problem.  |
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By *estivalMan
over a year ago
borehamwood |
"so a private company being bailed out by the tax payer yet the crooks who own it have been taking tens of millions of pounds out of it since they brought it mmmm yea that sounds fair.just what i pay tax for to bail out yet another private company so what about the thousands of employees that work in that industry and pay in like you do don’t they deserve a bit of help
im pretty sure if the firm i work at was going down the pan and they asked the gov to bail em out they would tell em to sling there hook.and we would get standard redundancy.and didnt they have 100 million a week or two ago.yea its shit people will lose there jobs.belive me happend to me twice last time wen the banks went tits up. it will decimate my local area if it goes we’ve already lost the coal mines and shipbuilding I personally know people who work in two of the mills and they are bricking it "
im not being flippant about it.i bet there bricking i know i dud the last time.took nearly 3 years to find something else nearly lost the roof over my head. it if i had the hump with anyone it would be the venture group who own it who have been taking money out of it.the amount china are churning out i wouldnt be surprised if ya see it happening across the world |
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By *mmabluTV/TS
over a year ago
upton wirral |
"Company says Brexit is killing orders from Europe.
Already bailed out once by the UK Government and reportedly on the verge of administration unless the UK coughs up another £75 million.
4500 jobs.Its the uncertainty that is killing business and you have the remainers to blame for that by keeping prolonging the leave process."
|
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By (user no longer on site)
over a year ago
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"Company says Brexit is killing orders from Europe.
Already bailed out once by the UK Government and reportedly on the verge of administration unless the UK coughs up another £75 million.
4500 jobs.Its the uncertainty that is killing business and you have the remainers to blame for that by keeping prolonging the leave process.
What a loads of bollocks it's the leavers that have caused the problem. How many remainer mps have voted to leave even though they said in their mandate when elected that they would honour the referendum???"
Leavers need to make up theur minds if May's deal is honouring the referendum.
No labour or tory MP stood on a mandate which involved no deal.
There's been no other option on the tanle to vote on. |
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By *ara J OP TV/TS
over a year ago
Bristol East |
Every time a business brings out bad news rooted in Brexit, the Brexiteers without fail find someone else to blame.
We have not left the EU yet and marginal businesses are starting to fail.
One day I hope those who voted leave will take responsibility for the economic and social calamity they are inflicting on the country.
But I am not holding my breath. |
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"Every time a business brings out bad news rooted in Brexit, the Brexiteers without fail find someone else to blame.
We have not left the EU yet and marginal businesses are starting to fail.
One day I hope those who voted leave will take responsibility for the economic and social calamity they are inflicting on the country.
But I am not holding my breath."
Sadly so true. Even when it is as blatant as this they ignore the bleeding obvious. Brexit is not good for ordinary people, get out and vote for the LDs, Green, Plaid Cymru or the SNP tomorrow. Farage only looks after Farage, he will do nothing for anybody impacted - his view is that we will ‘cope’ with ‘free market forces’ - sadly they are all against us, so batten down the hatches  |
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By (user no longer on site)
over a year ago
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Business Secretary Greg Clark confirmed the additional funding was turned down on advice such a payment would have broken EU rules governing state aid.
The EU's state aid rules has prevented our government helping an industry in it's final hour yet again. Labour couldn't help when Tata closed in Teesside, when SSI went in Teesside and now British Steel all for the same reason.
Also the incompetence of our government in securing a deal or having the balls to walk away should shoulder the blame. Brexit itself didn't cause this; the unwillingness of our government to walk away and EU state rules have.
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By (user no longer on site)
over a year ago
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"Business Secretary Greg Clark confirmed the additional funding was turned down on advice such a payment would have broken EU rules governing state aid.
The EU's state aid rules has prevented our government helping an industry in it's final hour yet again. Labour couldn't help when Tata closed in Teesside, when SSI went in Teesside and now British Steel all for the same reason.
Also the incompetence of our government in securing a deal or having the balls to walk away should shoulder the blame. Brexit itself didn't cause this; the unwillingness of our government to walk away and EU state rules have.
"
I’d imagine any trade deal would have covered state aid.
So we’d only be giving state aid if we were on WTO.
But we’d be likely in a worse position as we’d have more steel from China. As compared to the Eu we’d have lower tarrifs.
Unless we were to raise tarrifs on steel to compensate for their state aid. (The bitvwe voted against a while back). And so our first act in wto would have been the start of a trade war.
And I’d imagine wto would really make sure Eu customers didn’t come here as they be paying tarrifs. Let’s make all the stuff they are uncertain (and therefore cagey about) real. |
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By (user no longer on site)
over a year ago
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"Business Secretary Greg Clark confirmed the additional funding was turned down on advice such a payment would have broken EU rules governing state aid.
The EU's state aid rules has prevented our government helping an industry in it's final hour yet again. Labour couldn't help when Tata closed in Teesside, when SSI went in Teesside and now British Steel all for the same reason.
Also the incompetence of our government in securing a deal or having the balls to walk away should shoulder the blame. Brexit itself didn't cause this; the unwillingness of our government to walk away and EU state rules have.
I’d imagine any trade deal would have covered state aid.
So we’d only be giving state aid if we were on WTO.
But we’d be likely in a worse position as we’d have more steel from China. As compared to the Eu we’d have lower tarrifs.
Unless we were to raise tarrifs on steel to compensate for their state aid. (The bitvwe voted against a while back). And so our first act in wto would have been the start of a trade war.
And I’d imagine wto would really make sure Eu customers didn’t come here as they be paying tarrifs. Let’s make all the stuff they are uncertain (and therefore cagey about) real. "
Garbage. |
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By (user no longer on site)
over a year ago
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"Business Secretary Greg Clark confirmed the additional funding was turned down on advice such a payment would have broken EU rules governing state aid.
The EU's state aid rules has prevented our government helping an industry in it's final hour yet again. Labour couldn't help when Tata closed in Teesside, when SSI went in Teesside and now British Steel all for the same reason.
Also the incompetence of our government in securing a deal or having the balls to walk away should shoulder the blame. Brexit itself didn't cause this; the unwillingness of our government to walk away and EU state rules have.
I’d imagine any trade deal would have covered state aid.
So we’d only be giving state aid if we were on WTO.
But we’d be likely in a worse position as we’d have more steel from China. As compared to the Eu we’d have lower tarrifs.
Unless we were to raise tarrifs on steel to compensate for their state aid. (The bitvwe voted against a while back). And so our first act in wto would have been the start of a trade war.
And I’d imagine wto would really make sure Eu customers didn’t come here as they be paying tarrifs. Let’s make all the stuff they are uncertain (and therefore cagey about) real.
Garbage. "
Which bit? (Cue answer all of it).
What would be different if we were out of the Eu (but with an Fta)
What would be different if we were on WTO.
Brexit neither creates nor cures all ills, so each case needs to be justified.
As far as I can see only under wto would we be likely to have looser state aid rules. (True false?)
But I fear being in wto will make british steels life harder.
And that’s before we start thinking about why it is good for the taxpayer to prop up a failing business. |
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By (user no longer on site)
over a year ago
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"State Subsidies are allowed under WTO.
We're talking about 25,000 tax payers and their families here. "
Some subsidies are allowed. But other countries can increase tarrifs to offset them.
I realise there are people involved here. It’s a brave new policy for tax payers money to subsidise companies to keep people in jobs. Certainly not a Tory policy. Cynical me says tories are using the Eu as a scapegoat goat by saying they are blocked from doing something they wouldn’t do anyway.
It then starts to invite how many job losses are needed to have state intervention. Should we buy out Jamie Oliver’s restaurant chain?
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By *ercuryMan
over a year ago
Grantham |
In one year alone, as a Nationalised British Steel, they lost a record £1 billion on a turnover of £3 billion!
The losses incurred are truely mind boggling.
I appreciate that this was decades ago, but it's a path that any political party would be wary to revisit now. |
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By *ara J OP TV/TS
over a year ago
Bristol East |
The purpose of nationalised industry was not primarily to generate a profit.
It was designed to be a holistic part of the welfare state.
Beveridge recognised the financial risks of setting up a social security system and funding unemployment.
The creation of nationalised industry removed that risk - everyone who was able to work was guaranteed a job.
That meant social security was reserved only for those truly unable to work.
Both parties pretty much adhered to the philosophy for 30 odd years.
Thatcher broke the link.
Whereas nationalised industry picked up the costs of full employment, she moved that burden onto social security and demanded that state-owned industry become commercial.
The subsidies for industry disappeared. Instead, the social security bill ballooned as unemployment grew.
So it comes down to a choice.
Is is better to expect a citizen to work for their income from the state - i.e. nationalised industry - or is it better for them not to work for their income from the state - unemployment benefit?
It's an interesting question.
Unfortunately, so many people have lost sight of the original purpose of nationalised industry.
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By (user no longer on site)
over a year ago
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"State Subsidies are allowed under WTO.
We're talking about 25,000 tax payers and their families here.
Some subsidies are allowed. But other countries can increase tarrifs to offset them.
I realise there are people involved here. It’s a brave new policy for tax payers money to subsidise companies to keep people in jobs. Certainly not a Tory policy. Cynical me says tories are using the Eu as a scapegoat goat by saying they are blocked from doing something they wouldn’t do anyway.
It then starts to invite how many job losses are needed to have state intervention. Should we buy out Jamie Oliver’s restaurant chain?
"
A restaurant isn't of National importance producing steel for government projects is. I'm 100% in support of Nationalization of our utilities and transport and the like.
China subsidies their industries which are important, along Russia and the rest of them. We should do the same.
Self sufficiency, sod the rest Haha |
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By (user no longer on site)
over a year ago
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"State Subsidies are allowed under WTO.
We're talking about 25,000 tax payers and their families here.
Some subsidies are allowed. But other countries can increase tarrifs to offset them.
I realise there are people involved here. It’s a brave new policy for tax payers money to subsidise companies to keep people in jobs. Certainly not a Tory policy. Cynical me says tories are using the Eu as a scapegoat goat by saying they are blocked from doing something they wouldn’t do anyway.
It then starts to invite how many job losses are needed to have state intervention. Should we buy out Jamie Oliver’s restaurant chain?
A restaurant isn't of National importance producing steel for government projects is. I'm 100% in support of Nationalization of our utilities and transport and the like.
China subsidies their industries which are important, along Russia and the rest of them. We should do the same.
Self sufficiency, sod the rest Haha "
The next question is why are they of national importance. Usually it’s because of what would happen in a war etc. But then that’s a bit fear-y. And in theory national security is a reason for state aid. Although security and importance may be different things.
I am playing devils advocate slightly here. But that’s because too many people like to blame the bogey man without thinking.
Like I said Eu or not Eu, I’m cynical there would be any state aid on the table under the tories. I have no idea on the brexit party how’d they approach this and if they’d support the common man. |
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By *mmabluTV/TS
over a year ago
upton wirral |
""If we vote to Remain on June 23rd, it is the end of the steel industry in this country. Simple as that. We must leave the EU."
- Nigel Farage, April 2016
 "
Yes and Nigel was right as he is about so much,people knock him but he knows what he is talking about,now he is an expert and not the idiots that a lot of you seem to quote |
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By (user no longer on site)
over a year ago
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"We import as much Chinese steel as we produce ourselves. There's maybe a starting point in order to get our steel making back."
other than the government (who is expect to be looking to do this as legit state aid) how do you make anyone buy british ? And assuming Brit steel is more expensive wont that just push up prices ?
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By *ercuryMan
over a year ago
Grantham |
"We import as much Chinese steel as we produce ourselves. There's maybe a starting point in order to get our steel making back.other than the government (who is expect to be looking to do this as legit state aid) how do you make anyone buy british ? And assuming Brit steel is more expensive wont that just push up prices ?"
You can't make anyone buy British but you can make the right kind of steel that we need.
The UK can never compete on price but it can excel in quality. |
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By (user no longer on site)
over a year ago
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"We import as much Chinese steel as we produce ourselves. There's maybe a starting point in order to get our steel making back.other than the government (who is expect to be looking to do this as legit state aid) how do you make anyone buy british ? And assuming Brit steel is more expensive wont that just push up prices ?
You can't make anyone buy British but you can make the right kind of steel that we need.
The UK can never compete on price but it can excel in quality. "
I know nothing about steel. But I do wonder why this hasn't been done before. And why this will work if companies are happy with the current low price low quality steel. |
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By (user no longer on site)
over a year ago
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Our government can use British made steel in all government projects and put in clauses for businesses to use a certain percentage of British bought steel in return for planning permission and tax breaks etc.
Housing projects now have to build a certain number of social housing to gain permission to build on certain areas. So the idea that the. Government can't give companies a nudge in the right direction isn't correct.
Just a case of do we want free market capitalism or a system which protects our own first. |
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By (user no longer on site)
over a year ago
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"Our government can use British made steel in all government projects and put in clauses for businesses to use a certain percentage of British bought steel in return for planning permission and tax breaks etc.
Housing projects now have to build a certain number of social housing to gain permission to build on certain areas. So the idea that the. Government can't give companies a nudge in the right direction isn't correct.
Just a case of do we want free market capitalism or a system which protects our own first."
And there we have it.....laissez faire fucks things up.....9 years of allowing the free market to take the initiative has brought us brexit followed by a further three years of abject failure of vision.
I don’t believe any current politician has a clear view of the future because everything they do is based on short term thinking or as in the case of some living in a myopic fantasy of making Britain great again by closing the borders and shouting at anyone who doesn't speak the Queens english! |
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By *ara J OP TV/TS
over a year ago
Bristol East |
If you read the statement carefully, you'll see the Government is hiding behind EU rules.
What they say is the request made by the owners would have been in breach of EU law.
That may well be true.
The Government itself appears to have come up with no alternative idea and simply considered the request.
There are 101 ways the Government could help out that would have been legitimate, had it been minded to do so.
What a shower of fuckwits.
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By *ara J OP TV/TS
over a year ago
Bristol East |
To be fair to BEIS, it has no capacity for dealing with anything.
The Cameron administration slashed it to pieces.
Shedloads of staff given their P45.
I think their funding was cut by 25-40 per cent.
The referendum overturned the applecart and they've been desperately recruiting ever since.
The department is completely consumed by all things Brexit.
Nothing else is happening.
All part of the biggest clusterfuck any of us have ever seen.
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By *ercuryMan
over a year ago
Grantham |
"If you read the statement carefully, you'll see the Government is hiding behind EU rules.
What they say is the request made by the owners would have been in breach of EU law.
That may well be true.
The Government itself appears to have come up with no alternative idea and simply considered the request.
There are 101 ways the Government could help out that would have been legitimate, had it been minded to do so.
What a shower of fuckwits.
"
The EU have already stated that too much steel is being produced in Europe and is mindful of not allowing state aid in this sector. In fact, they have ruled that the Belgian government has to recover over 200 million euros given to its steel industry in illegal state aid.
It would be possible to nationalise but EU rules only permit this for financially viable businesses. Given its history, it would be a hard case to con Ince anyone that steel making is viable in the UK. |
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""If we vote to Remain on June 23rd, it is the end of the steel industry in this country. Simple as that. We must leave the EU."
- Nigel Farage, April 2016
Yes and Nigel was right as he is about so much,people knock him but he knows what he is talking about,now he is an expert and not the idiots that a lot of you seem to quote"
Didn’t we vote Leave? So your argument is 180degrees wrong |
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By (user no longer on site)
over a year ago
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""If we vote to Remain on June 23rd, it is the end of the steel industry in this country. Simple as that. We must leave the EU."
- Nigel Farage, April 2016
Yes and Nigel was right as he is about so much,people knock him but he knows what he is talking about,now he is an expert and not the idiots that a lot of you seem to quote
Didn’t we vote Leave? So your argument is 180degrees wrong "
The way things have gone since the referendum, we might as well have voted to remain. The houses of treason have made sure of that. We have been misrepresented and let down by those bastards, and British Steel is set to become yet another victim of their dallying. All those news reports citing “BREXIT uncertainty” should read political uncertainty caused by treacherous politicians. |
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By (user no longer on site)
over a year ago
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""If we vote to Remain on June 23rd, it is the end of the steel industry in this country. Simple as that. We must leave the EU."
- Nigel Farage, April 2016
Yes and Nigel was right as he is about so much,people knock him but he knows what he is talking about,now he is an expert and not the idiots that a lot of you seem to quote
Didn’t we vote Leave? So your argument is 180degrees wrong
The way things have gone since the referendum, we might as well have voted to remain. The houses of treason have made sure of that. We have been misrepresented and let down by those bastards, and British Steel is set to become yet another victim of their dallying. All those news reports citing “BREXIT uncertainty” should read political uncertainty caused by treacherous politicians."
What's the uncertainty for a customer. I'd say the price they are paying which depends on tariffs. What are they worried about? Costs being too high. When does this happen? WTO. Call be cynical but Im not convince dthere will be a glut of orders if it does become certain wto is the answer... |
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By (user no longer on site)
over a year ago
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""If we vote to Remain on June 23rd, it is the end of the steel industry in this country. Simple as that. We must leave the EU."
- Nigel Farage, April 2016
Yes and Nigel was right as he is about so much,people knock him but he knows what he is talking about,now he is an expert and not the idiots that a lot of you seem to quote
Didn’t we vote Leave? So your argument is 180degrees wrong
The way things have gone since the referendum, we might as well have voted to remain. The houses of treason have made sure of that. We have been misrepresented and let down by those bastards, and British Steel is set to become yet another victim of their dallying. All those news reports citing “BREXIT uncertainty” should read political uncertainty caused by treacherous politicians.
What's the uncertainty for a customer. I'd say the price they are paying which depends on tariffs. What are they worried about? Costs being too high. When does this happen? WTO. Call be cynical but Im not convince dthere will be a glut of orders if it does become certain wto is the answer... "
The fact of the matter is that the cost of raw materials is cheaper to import than it is to produce for ourselves. I love Scunthorpe, as only a Scunny boy or girl will ever say. But even though it is built on huge amounts of iron ore, it is still cheaper to refine the imported stuff. Coal being imported from Australia is also cheaper than buying from whatever is left of British Coal.
That is the reality, and it has fuck all to do with BREXIT. In fact it’s been that way since long before it was ever thought of. I blame Scargill for the demise of heavy industry in the UK, and he died ages ago! |
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By (user no longer on site)
over a year ago
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""If we vote to Remain on June 23rd, it is the end of the steel industry in this country. Simple as that. We must leave the EU."
- Nigel Farage, April 2016
Yes and Nigel was right as he is about so much,people knock him but he knows what he is talking about,now he is an expert and not the idiots that a lot of you seem to quote"
Farage is expert? Milkshake expert |
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By *ostafunMan
over a year ago
near ipswich |
""If we vote to Remain on June 23rd, it is the end of the steel industry in this country. Simple as that. We must leave the EU."
- Nigel Farage, April 2016
"
Seems he was right then we may have voted leave but still stuck in it.Whats your point? |
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By (user no longer on site)
over a year ago
|
""If we vote to Remain on June 23rd, it is the end of the steel industry in this country. Simple as that. We must leave the EU."
- Nigel Farage, April 2016
Yes and Nigel was right as he is about so much,people knock him but he knows what he is talking about,now he is an expert and not the idiots that a lot of you seem to quote
Didn’t we vote Leave? So your argument is 180degrees wrong
The way things have gone since the referendum, we might as well have voted to remain. The houses of treason have made sure of that. We have been misrepresented and let down by those bastards, and British Steel is set to become yet another victim of their dallying. All those news reports citing “BREXIT uncertainty” should read political uncertainty caused by treacherous politicians.
What's the uncertainty for a customer. I'd say the price they are paying which depends on tariffs. What are they worried about? Costs being too high. When does this happen? WTO. Call be cynical but Im not convince dthere will be a glut of orders if it does become certain wto is the answer...
The fact of the matter is that the cost of raw materials is cheaper to import than it is to produce for ourselves. I love Scunthorpe, as only a Scunny boy or girl will ever say. But even though it is built on huge amounts of iron ore, it is still cheaper to refine the imported stuff. Coal being imported from Australia is also cheaper than buying from whatever is left of British Coal.
That is the reality, and it has fuck all to do with BREXIT. In fact it’s been that way since long before it was ever thought of. I blame Scargill for the demise of heavy industry in the UK, and he died ages ago!"
You just said BS was a victim of Brexit. I'm lost now! |
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By (user no longer on site)
over a year ago
|
""If we vote to Remain on June 23rd, it is the end of the steel industry in this country. Simple as that. We must leave the EU."
- Nigel Farage, April 2016
Yes and Nigel was right as he is about so much,people knock him but he knows what he is talking about,now he is an expert and not the idiots that a lot of you seem to quote
Didn’t we vote Leave? So your argument is 180degrees wrong
The way things have gone since the referendum, we might as well have voted to remain. The houses of treason have made sure of that. We have been misrepresented and let down by those bastards, and British Steel is set to become yet another victim of their dallying. All those news reports citing “BREXIT uncertainty” should read political uncertainty caused by treacherous politicians.
What's the uncertainty for a customer. I'd say the price they are paying which depends on tariffs. What are they worried about? Costs being too high. When does this happen? WTO. Call be cynical but Im not convince dthere will be a glut of orders if it does become certain wto is the answer...
The fact of the matter is that the cost of raw materials is cheaper to import than it is to produce for ourselves. I love Scunthorpe, as only a Scunny boy or girl will ever say. But even though it is built on huge amounts of iron ore, it is still cheaper to refine the imported stuff. Coal being imported from Australia is also cheaper than buying from whatever is left of British Coal.
That is the reality, and it has fuck all to do with BREXIT. In fact it’s been that way since long before it was ever thought of. I blame Scargill for the demise of heavy industry in the UK, and he died ages ago!
You just said BS was a victim of Brexit. I'm lost now! "
No, what I am trying to say is that British Steel, as was, the nationalised version, was destroyed by the trades union movement. This current British Steel is a private company that could have been saved had we left the EU when we were supposed to have. Two different time frames and two different companies.
The fact that the current British Steel is on the rocks now, is because of the £120m borrowed was to meet EU carbon allowances. Had we left when we should have done, they would not have needed that money, and would have secured the £30m needed to avoid liquidation. |
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