GordonMuchallNo1Fan
Striker
government already gave them 120m to pay the EU last month. not a good situation for all
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We are leaving the EU though so let’s not discount nationalising it. Should also make sure Network Rail buys all its steel from within the U.K.Didn't think we could bail out certain industries such as steel as it would be seen as state aid which goes against EU law.
Could be wrong like.
i thought they already did from ScunnyWe are leaving the EU though so let’s not discount nationalising it. Should also make sure Network Rail buys all its steel from within the U.K.
because it's not a viable business
And then what? Who are they going to make steel for if the customers buy it from China instead? I agree it may be worthwhile short term if EU rules allow it, but only if there is a buyer in prospect
BBC has a bloke on the news last night saying China has produced more steel in the last two years than the UK has in total since we first developed the process
Totally agree with the sentiment, but its not really "British Steel". They just changed the name to that when the last buyers bought a failing company for £1 to garner some sympathy.Obviously we have money for the DUP, non-existent ferries and Brexit... but not British Steel.
Ridiculous
I wonder how much of its losses are due to servicing huge piles of debt though?Doesn't look like it's a goer anyway. Seems that nationalisation would only work if it's viable, Govt. can't nationalise and then continuously prop up a failing business under EU rules.
Totally agree with the sentiment, but its not really "British Steel". They just changed the name to that when the last buyers bought a failing company for £1 to garner some sympathy.
Still, the banks were private companies too, and we bailed those fuckers out. That was fine, apparently.
I wonder how much of its losses are due to servicing huge piles of debt though?
Is it actually a profitable venture, otherwise?
wasnt there something about the high end specialist steel being produced by the UK which the chinese werent able to replicate on the cheap?
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Chinese steel and far Eastern for that matter is absolutely shite quality.
Some types are terrible to weld, and do not have the quality for what we expect in the UK and Europe.
CO2 tax might not exist once we leave the EUNot sure, it allegedly became profitable, but then it also had a massive carbon tax bill. So was it really profitable or just on paper but not in reality?
I agree with the ‘fucker’ sentiment, but if the banks had gone under our whole economy would have completely crashed. They had to be stabilised for everyone’s sakeStill, the banks were private companies too, and we bailed those fuckers out. That was fine, apparently.
Totally agree with the sentiment, but its not really "British Steel". They just changed the name to that when the last buyers bought a failing company for £1 to garner some sympathy.
Still, the banks were private companies too, and we bailed those fuckers out. That was fine, apparently.
I wonder how much of its losses are due to servicing huge piles of debt though?
Is it actually a profitable venture, otherwise?
Yeah. I'm not trying to make an argument against them. I suspect the same factories were once the real "British Steel" too. Just pointing out that they've deliberately changed the name for this exact kind of sympathy.I wasn't aware of the name thing, but it's still steel made in Britain, by British workers.
Is that at least right?
I think it’s the inevitable consequence of the economic rise of China.Well Cameron has certainly fucked our steel industry.
Not vetoing the proposed tariffs by the EU on imported Chinese steel would have helped like.I think it’s the inevitable consequence of the economic rise of China.
It’s a similar thing to what happened to the textiles industry many years ago, cheap imports from Asia
Well Cameron has certainly fucked the whole country.