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By (user no longer on site) OP
over a year ago
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Do yous think the government should bail out a company that's loosing a million pounds per day god I hate people loosing there jobs but it's never going to be profitable and us the taxpayer have to pay |
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By (user no longer on site)
over a year ago
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I personally think we should buy it up and run it as a national industry, if we do not then when they close it up we will be always buying in from China and the likes and will have no fallback.
It's losing a million a day but then stick 10,000 people from the industry on the dole and see what that's going to cost.
Cut back on the top execs ect save all of those huge salaries and then see what can be done.
They say it's more expensive to buy than Chinese steel that is true only becaus the Chinese are selling it all at a loss to scupper the British industry to the point of shut down and then the prices would rise.
Even if British steel was run at cost so as to supply government building projects it would pay for itself.
Just my thoughts, but then "who am I" LoL |
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"Isn't it against EU rules on state support? "
We need to do what some other countries do, ignore the rules when they don't suit us....
Just heard on the news that Germany produces four times as much steel as we do. No immediate signs of their industry closing.... |
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The wholesale price of slab steel has dropped by half.
China produced more steel last year alone, than we have since the industrial revolution. It's a state owned industry and they're dumping slab on the world market below cost.
Being in the EU means we can't impose import tariffs to protect our home industries.
Being in the EU means that whilst we can bail it out temporarily, we can't re-nationalise it or give it state aid.
The EU is looking at import tariffs on Chinese steel, but will undoubtedly still be looking at the issue in 5 years time when our industry has collapsed.
Let's face it, unless we vote Brexit, our steel industry will be gone in less than 12 months. |
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By (user no longer on site)
over a year ago
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So we can bail out banks but not industry ? Is this becaus the banks effect Europe but British steal only effects Britain ? Yet another reason to get the fuck out!! |
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"So we can bail out banks but not industry ? Is this becaus the banks effect Europe but British steal only effects Britain ? Yet another reason to get the fuck out!!"
We can bail it out temporarily, but it must be with a view to returning it to private ownership, as they did with the banks |
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"Armchair politicians / economists are great  "
Most professional politicians, have never worked a regular job nor experienced the reality of living as a typical working person.
Professional economists espouse theories that simply do not work in the real world. No economic theory has ever worked in practice, ever. |
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By *olgateMan
over a year ago
on the road to nowhere in particular |
"Armchair politicians / economists are great
Most professional politicians, have never worked a regular job nor experienced the reality of living as a typical working person.
Professional economists espouse theories that simply do not work in the real world. No economic theory has ever worked in practice, ever."
Couldn't put it better myself. The political system of appointing politicians will be this country's downfall |
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By (user no longer on site)
over a year ago
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cheap steel from China drives a lot of business in the EU that are steel users, but hurts steel manufacturers.
The government should buy it, and run it, 50 lots of dole money not paid to steel workers + 2 bar staff, 10 shop keepers etc. etc. and no share holder dividends to pay means that while it may not make money ever, and will cost for the next 5 years minimum it will break even eventually.
but like they did with the post office privatisation, they need the Indian company to pay off all current debt, and keep on the pensions commitment and the price they pay for it should reflect the fact it is currently not worth anything... |
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