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Re: Bailing out 'British Steel'
[Re: bezzer]
#1568101
31/03/2016 21:26
31/03/2016 21:26
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Big_Muzzie
Unregistered
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Big_Muzzie
Unregistered
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The government has no interest in industry, only banking. If it was a bank it wouldn't even have been a question. There's alot the government could do with quotas, levies,taxes (positive and negative) to help out but they won't. Loss making = no tax revenue and 1400 more jobless won't hit their coffers. We have a reasonable car manufacturing industry, you'd think metal would be quite useful...
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Re: Bailing out 'British Steel'
[Re: ]
#1568149
01/04/2016 06:08
01/04/2016 06:08
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Joined: Dec 2005
Posts: 8,064 South Cambs
Barmybob
Hon Club Member: 003
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Hon Club Member: 003
Je suis un Coupé
Joined: Dec 2005
Posts: 8,064
South Cambs
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I can’t honestly think why we would nationalise the industry again. We clearly don’t see the industry as vital to the nation, if we do why the heck did we sell it off and allow it to be broken up and stripped of anything that was valuable?
We sold off most of our nationalised industries, much of which had been nationalised to rescue or protect them as they were then seen as being nationally vital. Once they were back on the open market they were ripe for takeover and were bought by pretty much of the rest of the world. These industries were snapped up because they held valuable patents, processes, brands and UK land assets. Once these elements were stripped off what was left was then expected to compete on the global market.
We Brits led the pack on the big sell off but our EU partners bought into the programme too as it made a lot of people in the city a great deal of money. The globalisation model we enthusiastically followed would not allow any kind of protectionism practices. For example, If we are going to build X we must use Y. So these new businesses had to now be commercially viable, not just within their own country or close economic group, but with the rest of the world.
Sadly because we EU citizens are a bit expensive with our Holidays and days off we were always on the road to doom.
Never mind though. I am sure that when we Brexit we can remove all existing EU rules on Pay, holidays and employment protection. We will then be much better placed to take on the rest of the world with its state funded industry & cheap labour.
Gone Audi mad!
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Re: Bailing out 'British Steel'
[Re: bezzer]
#1568262
02/04/2016 00:37
02/04/2016 00:37
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Big_Muzzie
Unregistered
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Big_Muzzie
Unregistered
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Blimey bob, that's an early rise! Cant agree more. Steel is screwed, long live idiots in charge of the economy - especially ones who's qualifications are history degrees!
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Re: Bailing out 'British Steel'
[Re: ]
#1568263
02/04/2016 00:45
02/04/2016 00:45
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Joined: Dec 2005
Posts: 8,064 South Cambs
Barmybob
Hon Club Member: 003
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Hon Club Member: 003
Je suis un Coupé
Joined: Dec 2005
Posts: 8,064
South Cambs
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Blimey bob, that's an early rise! Actually the exact opposite. I had been up since 7am and was really looking forward to getting home and to bed
Gone Audi mad!
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Re: Bailing out 'British Steel'
[Re: bezzer]
#1568267
02/04/2016 04:18
02/04/2016 04:18
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Joined: Jan 2016
Posts: 649 UK
Clintos
Club member 2040
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Club member 2040
Enjoying the ride
Joined: Jan 2016
Posts: 649
UK
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The greedy bastards are just lining their own pockets and bleeding the country dry, sending our once great country into the sewer. Fat cats and greed! We need another Guy Fawkes to rid us of the corruption!
Boooooooooost!!!
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Re: Bailing out 'British Steel'
[Re: bezzer]
#1568347
03/04/2016 00:37
03/04/2016 00:37
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FreakinFreak
Unregistered
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FreakinFreak
Unregistered
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So if the Germans are doing it within the EU why do we need to leave to do the same?
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Re: Bailing out 'British Steel'
[Re: bezzer]
#1568352
03/04/2016 01:09
03/04/2016 01:09
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Joined: Jun 2006
Posts: 6,144 Southampton, Hants
Roadking
Club member 1809
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Club member 1809
Forum is my life
Joined: Jun 2006
Posts: 6,144
Southampton, Hants
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Probably because they are breaking the rules, and we won't. Much like the way the French dealt with their BSE issue.
"RK's way seems the most sensible to me". ali_hire 16 Dec 2010
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Re: Bailing out 'British Steel'
[Re: bezzer]
#1568360
03/04/2016 02:15
03/04/2016 02:15
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GrahamL
Unregistered
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GrahamL
Unregistered
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The French invoke a national security clause to protect national assets like that and even to block the sale of important French companies to foreign buyers. Of course we won't stand for any of that nasty nationalism stuff in the UK.
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Re: Bailing out 'British Steel'
[Re: bezzer]
#1568370
03/04/2016 10:20
03/04/2016 10:20
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Joined: Mar 2008
Posts: 5,090 highlands
jimboy
Club Member 857
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Club Member 857
Forum is my life
Joined: Mar 2008
Posts: 5,090
highlands
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Shades of Ravenscraig here, 1992 when it was finally put to rest. A lot of people depended on the steel industry & not directly linked, thousands of jobs went in various ways. Some lost their homes, marriages split up. Some took to drink, a sorry picture indeed.
I fear the likes of Port Talbot will go the same way. To answer the initial question, as others have said, the British government wont be bailing the industry out, it did not work in the past. Sad days.
I'm an old git & happy with it,most of the time
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Re: Bailing out 'British Steel'
[Re: jimboy]
#1568378
03/04/2016 11:58
03/04/2016 11:58
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GrahamL
Unregistered
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GrahamL
Unregistered
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Shades of Ravenscraig here, Yes, it really is just the latest example of a decline of decades standing. From the early 70's over 90% of UK steel making jobs have already been lost. I read that they're paying 2-3x the energy cost and 5-10x the business rates cost of EU competitors, never mind the Chinese who are dumping steel at below cost prices. More fodder for the inevitable march towards globalisation.
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