Liberty Steel nationalisation 'an option' to save jobs
30/03/2021 | news | business | 403
Business secretary concerned about "opaque" nature of ownership but won't rule out public purchase.
1
Jay
30/03/2021 11:00:34 14 3
bbc
The tories have already performed an eyewatering intervention into their coveted free market, which apparently can't fail during anything 'unprecedented' - a free market with an insurance policy by John Q Taxpayer.

Steel is an industry that is potentially undergoing huge tech change. Kwarteng is right to leave it well alone. Sooner or later businessess have to answer for themselves.
265
30/03/2021 16:02:20 4 1
bbc
By paying over the odds for inferior steel products
Have you guys seen the quality of Chinese’s steel and castings!
2
30/03/2021 11:01:18 6 4
bbc
The end of Thatcherism?
223
30/03/2021 15:14:29 0 2
bbc
Not a day too soon either.
305
PWG
30/03/2021 17:16:50 0 1
bbc
The Beginning of Borisism
3
30/03/2021 11:01:45 19 4
bbc
NO NO NO, this is a bail out of a failure done by a private ta ta company using tax payers' money, this can be right ! let alone a tory regime?
16
30/03/2021 11:13:47 3 4
bbc
can't be right
41
30/03/2021 11:28:05 5 1
bbc
I think we going to copy our old friends the Chinese and subsidised our steel industry only in a more transparent manner
4
30/03/2021 11:02:29 16 3
bbc
So buy a company which is failing run by the same people who have failed ?
348
31/03/2021 00:34:32 2 1
bbc
But steel is a strategic industry, and those communities dependent on it for their livelihoods would be devastated by its closure. Surely the UK needs to upgrade its infrastructure, and new managers can be brought in to ensure the steelworks are successful at meeting the Governments objectives.
5
30/03/2021 11:02:39 8 4
bbc
Hopefully it will be nationalised - and the beneficiaries of any profits (if there are any) will be the UK as a whole - rather than the more common "privatise profits, socialise losses" approach.

If there are no profits then a decision has to be made whether steel production / processing is a strategic requirement for the UK.
233
30/03/2021 15:23:35 0 2
bbc
You've equated profit-making with strategic.

How profitable is a nuclear submarine? How strategic is it?
6
30/03/2021 11:02:53 50 3
bbc
Whatever the government does, it must ensure continuity of operation. Steelmaking does not take kindly to interruptions. Britain needs to make its own steel. That way, we can ensure quality, continuity of supply and the highest possible environmental standards.
323
30/03/2021 19:27:04 6 1
bbc
Once again, the Tories are all in favour of Nationalisation - but only when a company is failing and needs a bailout from the "broad shouldered" UK taxpayer.
7
30/03/2021 11:03:22 5 6
bbc
bu bu bu but socialism...
8
30/03/2021 11:03:48 69 15
bbc
Government needs to make sure all staff are on furlough, let it go bankrupt, buy it cheap, then rebuild it and set it up as a national asset creating speciality products for UK industries and selected partner countries. Time to show the world what we are capable of.
13
30/03/2021 11:10:39 23 3
bbc
Continuity of production is essential. Putting the staff on furlough implies stopping production. Rapid and effective intervention is necessary. Lessons should have been learned when the company building the new hospital in Liverpool, failed. The hospital became years overdue and vastly overbudget.
61
30/03/2021 11:45:20 10 3
bbc
@"Government needs to make sure all staff are on furlough, let it go bankrupt, buy it cheap, then rebuild it and set it up as a national asset creating speciality products for UK industries and selected partner countries. Time to show the world what we are capable of."
--

It's already in the UK, UK workforce, etc, and losing money....

What do you think will be different as a 'national asset'?
154
30/03/2021 13:47:39 1 1
bbc
Ummmm, not a lot nowadays.
179
col
30/03/2021 14:08:34 1 3
bbc
That sounds good, but it would be a bit unfair on the workers and investors in Liberty steels main UK competitors.

The govt needs to get Liberty away from the Guptas, without getting stuck with billions in debts, and then get it running without distorting the UK market.

Not easy.

Boris is desperate to be thought of as a great PM however, so at least we know this govt will try to make it work
272
30/03/2021 16:12:54 1 1
bbc
'Time to show the world what we are capable of.' You mean socialism?
282
30/03/2021 16:35:15 0 1
bbc
In theory yes, however it would be tantamount to destroying the company if there was a full shutdown of the plant due to what that entails.
297
30/03/2021 16:50:08 2 3
bbc
Then sell it cheap to their friends . This is the Tories. They do not like owning anything even the NHS.
346
31/03/2021 00:10:43 1 1
bbc
But are we really capable of making steel competitively?
The evidence suggests we aren't.
We mustn't fool ourselves.
Invest in our successes - not in our failures.
400
31/03/2021 18:53:35 0 0
bbc
You can't just shut down furnaces.. the slag welds to the bottom and it's a right pain in the post to clean it out and re-fire it.
401
31/03/2021 18:57:18 0 0
bbc
The usual will be a pre-pack administration. The steel is needed for rails (HS2) and our MOD ship building programme. Also a significant number bridges are going to need replacing in coming decades, plus building materials. Note... steel is not used en masse to make planes.. only high grade aluminium alloys, most from the USA.
9
30/03/2021 11:05:17 82 4
bbc
Tough one, probably best to wait till they go into administration then make a move.
5,000 jobs at stake would cost the Government either way, so why not go the productive route.
131
30/03/2021 13:12:44 11 2
bbc
may not be as simple as that could find the company in administration but all the assets (such as machinery) in different overseas holding companies, so effectively all in administration in the UK being the UK trading element alongside staff liabilities and debts such as leases on the machines in plants.
315
30/03/2021 18:04:08 0 2
bbc
Its better to have 5000 people employed than on the dole. With a skill base badly needed in the uk.
344
31/03/2021 00:08:12 2 1
bbc
5,000 jobs are not a reason to sustain a zombie industry.
Like the furlough scheme - better to retrain and move on as quickly as possible to businesses with a genuine future.
Our debt is now £2.2tn. We need competitive industry that will sell their output worldwide and contribute to the UK exchequer. We don't need a (good intentioned?) sponge for our dwindling taxes.
10
30/03/2021 11:05:33 11 5
bbc
And yet again it is down to socialism (i.e. public money collected through taxation) to bail out a private company...

how many times has this happened since 2008? If we were a true capitalist society we would just let it fail and a new business would take its place... but we aren't a true capitalist country given the continuous public bailouts. About time we just accept we are a socialist country
20
30/03/2021 11:15:15 16 1
bbc
You assume society must go down one of two distinct routes - no society in the real world does that. China has private enterprise, Brazil has state provision. The UK is more capitalist than socialist but has elements of both.
What is more important is the level of corruption & competence of those in power. My report card on that for the UK: Could do better
171
30/03/2021 14:03:09 1 1
bbc
Archangel
And get on with it.
Neither pure capitalism, nor pure socialism works; take the best of each.
11
30/03/2021 11:06:53 15 9
bbc
So this new Brexit Britain actually relies on providing tax payers money to keep UK business going? Winner - 3rd world status.

This is a joke surely? We cannot become a business welfare state as well as a public one, even if cutting ourselves off from the worlds largest trading block was seen as a good idea due to elitist greed and dark ages nationalism.

Just the start I suspect #Brexitwinning
24
30/03/2021 11:16:12 2 16
bbc
Ha ha the worlds largest trading block? do me a favour, its dead on its feet man.
33
30/03/2021 11:20:20 0 3
bbc
What has this got to do with Brexit?

I take it you are OK with Germany and France subsidising their industries?
83
30/03/2021 12:17:00 0 3
bbc
So this company fared wonderfully under the EU? Right. Got you. It's getting boring now.
12
30/03/2021 11:10:14 4 2
bbc
Give me the money, I will run it better. Honest Guv.

Here are the details of my BVI account:

Account Name: Mr D.O. Jee
Account Number: 666666666
Sort Code: 66666

Im pleased to do buisness with her Majestys Government.
8
30/03/2021 11:03:48 69 15
bbc
Government needs to make sure all staff are on furlough, let it go bankrupt, buy it cheap, then rebuild it and set it up as a national asset creating speciality products for UK industries and selected partner countries. Time to show the world what we are capable of.
13
30/03/2021 11:10:39 23 3
bbc
Continuity of production is essential. Putting the staff on furlough implies stopping production. Rapid and effective intervention is necessary. Lessons should have been learned when the company building the new hospital in Liverpool, failed. The hospital became years overdue and vastly overbudget.
67
30/03/2021 11:49:41 1 5
bbc
I think it's better to let it fail, then take it over and sell it down the line. No money should go to the current owner. Steel can be brought elsewhere for a while, no need for 100% continuity I would have thought.
14
30/03/2021 11:11:29 6 4
bbc
The government will wait to see which way the wind is blowing until making a final decision.

They've already splashed out £2.6m on Bojo's vanity press briefing room to tell us everything's wonderful so now's a chance to use it.
183
30/03/2021 14:12:25 0 1
bbc
luckily, his fans paid for Carrie's flat to be redecorated, so that wasn't dumped on us.
15
30/03/2021 11:11:58 1 14
bbc
Let the steel industry die. Then we won't have any excuse for allowing that nasty new coal mine to go into operation.

The 19th century is already 120 years in the past. Let it die!
19
30/03/2021 11:15:12 10 1
bbc
What do you think most modern buildings are made from, cars cans of food?
Even your house will contain steel.
The UK cannot continue down this sort-sighted route of effectively killing any industry that actually makes things.
25
30/03/2021 11:17:03 6 1
bbc
Then when we need to build ships/tanks/railway lines etc we can just dial up China ?
28
30/03/2021 11:18:42 4 1
bbc
So basically you are saying let it be someone else's problem, as long as it is not in our backyard?
54
30/03/2021 11:40:22 3 1
bbc
You could despair could you not?
87
30/03/2021 12:20:56 1 1
bbc
So you want to take us back to the stone age? Everything you touch, the car you drive, the food you eat, the clothes you wear, all need steel to manufacture. Your post is at best naïve.
3
30/03/2021 11:01:45 19 4
bbc
NO NO NO, this is a bail out of a failure done by a private ta ta company using tax payers' money, this can be right ! let alone a tory regime?
16
30/03/2021 11:13:47 3 4
bbc
can't be right
17
30/03/2021 11:13:57 1 2
bbc
Maybe the Scottish, Welsh assemblies would like to buy those parts that are in Scotland or Wales and let HMG buy the English bits. Think though that it should have new owners not present ones with tax money to support them. In the longer term, steel will be less costly to make and supply in UK than to have to ship it 3/4 of the way around the world from China.
50
30/03/2021 11:35:17 2 1
bbc
18
30/03/2021 11:14:45 26 5
bbc
Mr Kwarteng said "all options are on the table" ...
Does that involve blaming the steelworkers for this..as he and other leading ministers noted in their own book Britania Unchained in 2012...that..

"Once they enter the workplace, the British are among the worst idlers in the world," "We work among the lowest hours, we retire early"
"Too many people in Britain prefer a lie-in to hard work"
Nice
145
30/03/2021 13:37:40 9 10
bbc
... but is it true? ... sometimes the truth hurts
15
30/03/2021 11:11:58 1 14
bbc
Let the steel industry die. Then we won't have any excuse for allowing that nasty new coal mine to go into operation.

The 19th century is already 120 years in the past. Let it die!
19
30/03/2021 11:15:12 10 1
bbc
What do you think most modern buildings are made from, cars cans of food?
Even your house will contain steel.
The UK cannot continue down this sort-sighted route of effectively killing any industry that actually makes things.
10
30/03/2021 11:05:33 11 5
bbc
And yet again it is down to socialism (i.e. public money collected through taxation) to bail out a private company...

how many times has this happened since 2008? If we were a true capitalist society we would just let it fail and a new business would take its place... but we aren't a true capitalist country given the continuous public bailouts. About time we just accept we are a socialist country
20
30/03/2021 11:15:15 16 1
bbc
You assume society must go down one of two distinct routes - no society in the real world does that. China has private enterprise, Brazil has state provision. The UK is more capitalist than socialist but has elements of both.
What is more important is the level of corruption & competence of those in power. My report card on that for the UK: Could do better
40
30/03/2021 11:27:38 8 1
bbc
Agreed, i guess I was just trying to be over the top with my statement because for some reason we have adopted the American fear of socialism which i feel is excessive and not often based in reality
21
30/03/2021 11:15:33 27 2
bbc
It is better to wait until it enters administration and then taxpayer money can be targeted at the actual steel works and not wasted on some foreign owner who has run the company into the ground.
34
30/03/2021 11:22:58 26 2
bbc
Raped it you mean!? He spend £42m on a house in London last year. Where did that money come from?
39
30/03/2021 11:25:51 6 1
bbc
This is the best scenario, at least this would give the industry a fresh start, without paying off the debts incurred by the previous operators. The employees are already protected to some degree by gov backed pension guarantees. Time to get this industry back on its feet.
22
30/03/2021 11:15:57 6 8
bbc
Nationalisation=bottomless money pit. Already done steel nationalisation, lets not do it again.
31
30/03/2021 11:19:18 10 5
bbc
Well privatisation didn't work very well in fact capitalism collapsed a few years ago and without state intervention most private companies would be no more
23
30/03/2021 11:16:01 21 2
bbc
"Very Opaque" - why that could describe a multiplicity of things present in the UK.

Very handy description.
51
30/03/2021 11:37:02 3 8
bbc
like this government perhaps/and sage!
158
30/03/2021 13:50:38 2 1
bbc
Well, the government are experts on the subject, so I bow to their experience.
11
30/03/2021 11:06:53 15 9
bbc
So this new Brexit Britain actually relies on providing tax payers money to keep UK business going? Winner - 3rd world status.

This is a joke surely? We cannot become a business welfare state as well as a public one, even if cutting ourselves off from the worlds largest trading block was seen as a good idea due to elitist greed and dark ages nationalism.

Just the start I suspect #Brexitwinning
24
30/03/2021 11:16:12 2 16
bbc
Ha ha the worlds largest trading block? do me a favour, its dead on its feet man.
15
30/03/2021 11:11:58 1 14
bbc
Let the steel industry die. Then we won't have any excuse for allowing that nasty new coal mine to go into operation.

The 19th century is already 120 years in the past. Let it die!
25
30/03/2021 11:17:03 6 1
bbc
Then when we need to build ships/tanks/railway lines etc we can just dial up China ?
26
30/03/2021 11:17:38 3 9
bbc
I am sure Sturgeon will be happy to give Gupta money unchecked in Scotland. She is good at spaffing taxpayer's money up the wall on failing businesses.
251
30/03/2021 15:47:35 0 1
bbc
Wow, I'm pretty sure that's libellous.

Is Rotherham now in Scotland, or are you so determined to say anything bad but can't find appropriate else to say it? Is the DM Hatefest offline or what?
27
MVP
30/03/2021 11:17:52 8 5
bbc
Taking Liberty into public ownership is the only sensible option now. This is part of our national infrastructure and it is essential that the UK continues to be able to produce its own aw materials.
32
30/03/2021 11:19:37 4 4
bbc
Specialist steels are not really raw materials - that would be iron ore which we no longer mine
15
30/03/2021 11:11:58 1 14
bbc
Let the steel industry die. Then we won't have any excuse for allowing that nasty new coal mine to go into operation.

The 19th century is already 120 years in the past. Let it die!
28
30/03/2021 11:18:42 4 1
bbc
So basically you are saying let it be someone else's problem, as long as it is not in our backyard?
29
30/03/2021 11:18:46 21 8
bbc
If Johnson can splurge our money on a useless (to the UK) satellite company with negative income, he is more that capable of wasting more here. Whether the UK should support a specialist steel industry for strategic reasons is beyond my judgement - if so be honest about it
30
30/03/2021 11:19:17 4 9
bbc
We know how nationalisations work. It's been the same everywhere in the world:

Unproductive businesses sponging on the society

Managers are not interested to become productive but to follow some antiquated protocol, because whatever happens there's always the excuse that "I was following the protocol", and for the loses there's always the tax payer

Waste is soon followed by corruption
43
30/03/2021 11:29:04 4 3
bbc
You are living in the past. 50 years ago. Modern nationalisation is not like that.
22
30/03/2021 11:15:57 6 8
bbc
Nationalisation=bottomless money pit. Already done steel nationalisation, lets not do it again.
31
30/03/2021 11:19:18 10 5
bbc
Well privatisation didn't work very well in fact capitalism collapsed a few years ago and without state intervention most private companies would be no more
210
30/03/2021 14:57:11 0 2
bbc
You wouldn't pay the TRUE price for using roads though I suggest. Roads are NATIONALISED, as are the armed forces, police, etc.
You really didn't think it through.
213
30/03/2021 14:58:16 0 1
bbc
Sorry Macarony, replied to the wrong person!
27
MVP
30/03/2021 11:17:52 8 5
bbc
Taking Liberty into public ownership is the only sensible option now. This is part of our national infrastructure and it is essential that the UK continues to be able to produce its own aw materials.
32
30/03/2021 11:19:37 4 4
bbc
Specialist steels are not really raw materials - that would be iron ore which we no longer mine
11
30/03/2021 11:06:53 15 9
bbc
So this new Brexit Britain actually relies on providing tax payers money to keep UK business going? Winner - 3rd world status.

This is a joke surely? We cannot become a business welfare state as well as a public one, even if cutting ourselves off from the worlds largest trading block was seen as a good idea due to elitist greed and dark ages nationalism.

Just the start I suspect #Brexitwinning
33
30/03/2021 11:20:20 0 3
bbc
What has this got to do with Brexit?

I take it you are OK with Germany and France subsidising their industries?
21
30/03/2021 11:15:33 27 2
bbc
It is better to wait until it enters administration and then taxpayer money can be targeted at the actual steel works and not wasted on some foreign owner who has run the company into the ground.
34
30/03/2021 11:22:58 26 2
bbc
Raped it you mean!? He spend £42m on a house in London last year. Where did that money come from?
52
30/03/2021 11:38:18 13 1
bbc
42 million on house if ever an example of why we are going wrong was needed here it is.
No money for industry but endless billions for housing and the cost of housing rocketing into space
35
30/03/2021 11:24:43 31 5
bbc
As per the story yesterday. Nationalisation is the only option for any Gov or they will just be giving money to a private company. Nationalise it, stabilise it and then flog it on eventually if you like or keep it even as a key national industry maybe? Power, Water & Telecoms next please.
77
30/03/2021 11:52:38 23 8
bbc
Trains! Add Trains to the list. Costs more than double the price to buy/tax/fuel a car than it is for a season ticket to London from my home town.
254
30/03/2021 15:49:15 0 1
bbc
& banks
36
30/03/2021 11:24:52 3 2
bbc
Probably they are waiting till a suitable chum can take it over for their own personal gain.
37
30/03/2021 11:25:19 7 1
bbc
I think all all core industries should have a some state involvement in order to preserve them. It is increasingly obvious that we cannot relie on importing what we need in changing world sooner or later a crisis manot made or otherwise will leave us dangerously exposed. Now is the time to plan and implement the changes needed in order to survive
38
30/03/2021 11:25:39 8 1
bbc
I look forward to a rapid public investigation into all parties involved.... All Parties.
21
30/03/2021 11:15:33 27 2
bbc
It is better to wait until it enters administration and then taxpayer money can be targeted at the actual steel works and not wasted on some foreign owner who has run the company into the ground.
39
30/03/2021 11:25:51 6 1
bbc
This is the best scenario, at least this would give the industry a fresh start, without paying off the debts incurred by the previous operators. The employees are already protected to some degree by gov backed pension guarantees. Time to get this industry back on its feet.
257
30/03/2021 15:52:07 2 1
bbc
Re employees not100% take a look at the PPF you loose a minimum 20%-I did
20
30/03/2021 11:15:15 16 1
bbc
You assume society must go down one of two distinct routes - no society in the real world does that. China has private enterprise, Brazil has state provision. The UK is more capitalist than socialist but has elements of both.
What is more important is the level of corruption & competence of those in power. My report card on that for the UK: Could do better
40
30/03/2021 11:27:38 8 1
bbc
Agreed, i guess I was just trying to be over the top with my statement because for some reason we have adopted the American fear of socialism which i feel is excessive and not often based in reality
173
30/03/2021 14:05:21 1 1
bbc
Have to agree with you; most reality in the US was virtual. even 30 years ago, when I lived there

Chavinism reigned, and seems to still.
3
30/03/2021 11:01:45 19 4
bbc
NO NO NO, this is a bail out of a failure done by a private ta ta company using tax payers' money, this can be right ! let alone a tory regime?
41
30/03/2021 11:28:05 5 1
bbc
I think we going to copy our old friends the Chinese and subsidised our steel industry only in a more transparent manner
42
30/03/2021 11:28:33 41 3
bbc
There are only two options that should be considered. nationalisation, or allowing it to go bust. If it is strategically important (not my place to say) then its' nationalisation. If it's not strategically important, let it go bust, like all other failing businesses.
122
30/03/2021 12:59:04 9 1
bbc
Buy it out of administration would be the best bet and probably cheapest option too!
30
30/03/2021 11:19:17 4 9
bbc
We know how nationalisations work. It's been the same everywhere in the world:

Unproductive businesses sponging on the society

Managers are not interested to become productive but to follow some antiquated protocol, because whatever happens there's always the excuse that "I was following the protocol", and for the loses there's always the tax payer

Waste is soon followed by corruption
43
30/03/2021 11:29:04 4 3
bbc
You are living in the past. 50 years ago. Modern nationalisation is not like that.
49
30/03/2021 11:34:59 2 3
bbc
I've been a civil servant for 10 years so I happen to know the mentality 1st hand.
This talk about "modern" nationalisation is rubbish. Unless the human nature has changed.
44
30/03/2021 11:30:24 6 7
bbc
Let's all be very clear.

The Tories won't nationalize a steel company as its against their ideology.

Steel workers in Britain can't hope to compete with cheap overseas labour.

As always with the Evil Tories its a race to the bottom.

There are 100,000 care worker vacancies so there is no excuse for steel workers to be on the dole. They simply need to get on their bikes and find a job.
80
30/03/2021 12:14:08 0 4
bbc
So left wing ideology is to protect an inefficient loss making industry at any cost?
94
30/03/2021 12:27:02 2 1
bbc
I see you are a big fan of "onyerbike" Baron Norman Tebbit.

It really is so simple to find a job, as long as it's not you who has to do it.
45
30/03/2021 11:30:45 4 3
bbc
Do we need specialist steel industries? Probably yes wrt certain applications.

Is that the same as all steel? No.

Can UK steel be competitive with world prices? Probably not as long as we maintain the highest energy prices (for eco-reasons) in the developed world and the industry is scattered around the country.
53
30/03/2021 11:39:47 4 1
bbc
That's what tariffs are for. Use our steel for the home markets and just accept that we won't be able to export much.
46
30/03/2021 11:32:05 12 7
bbc
Nationalisation is a better option than creating three generations of few thousand families on the dole. Still we feel this due to closed mining pits. In some towns half of the residents are on government handouts.
79
30/03/2021 12:13:19 3 4
bbc
And what did Labour do for the former mining areas? Nothing. Other than collect their votes for years.
255
30/03/2021 15:51:02 0 1
bbc
so you think the government should open the coal mine in Cumbria
47
30/03/2021 11:33:37 109 8
bbc
I think you are all missing the point here. The government has declined to just give money to a millionaire business owner to spend as he wishes, but is looking at other options that would target money at his UK interests.
Sounds spot on to me
189
30/03/2021 14:21:45 55 29
bbc
The Gov't have declined to give money to this particular millionare business owner. My money is on temporary nationalisation, then sold cheap to another milionare business owner who is a bit more generous with his political donations.
293
30/03/2021 16:47:17 6 1
bbc
As long as they do not save it and then sell it to their friends at a knock down price.
327
30/03/2021 19:57:42 1 1
bbc
I know you have missed the point entirely.

Want to know what is going on here? Ask Dave.
48
30/03/2021 11:33:49 5 4
bbc
Sadly we will be backing a 'loser'. Whilst you can buy steel on the world market as cheap as chips, it'll never be a profitable business sadly.

What the Gov should do is set up an 'Open-Fund' so all those good-hearted souls who want to put money towards saving Liberty Steel can give as much as they want......Returns on Investment TBD at a later date..let's see how many takers we get...
57
30/03/2021 11:43:00 7 1
bbc
As cheap as chips, eh? Problem is a lot of it is of poor quality, and I'd imagine you have to pay a bit more for the good stuff?
63
30/03/2021 11:46:48 3 2
bbc
Whilst you can buy steel on the world market as cheap as chips! Really, have you seen the current world market for steel? Prices have never been so high.
70
30/03/2021 11:51:52 3 2
bbc
China has tried to flood the market with cheap, state subsidised steel to drive firms out of business and ultimately control the market.
43
30/03/2021 11:29:04 4 3
bbc
You are living in the past. 50 years ago. Modern nationalisation is not like that.
49
30/03/2021 11:34:59 2 3
bbc
I've been a civil servant for 10 years so I happen to know the mentality 1st hand.
This talk about "modern" nationalisation is rubbish. Unless the human nature has changed.
249
30/03/2021 15:44:25 0 1
bbc
Except the Civil Service is not a nationalised industry, it was always a government department.

There's an awful lot of binary talking and precious little thinking.

Nationalisation does not mean "select the worst bits of history and choose to do them all again".

Privatisation does not have to mean "screw the taxpayuers over to funnel their money to our friends". Doesn't have to, often does.
17
30/03/2021 11:13:57 1 2
bbc
Maybe the Scottish, Welsh assemblies would like to buy those parts that are in Scotland or Wales and let HMG buy the English bits. Think though that it should have new owners not present ones with tax money to support them. In the longer term, steel will be less costly to make and supply in UK than to have to ship it 3/4 of the way around the world from China.
50
30/03/2021 11:35:17 2 1
bbc
23
30/03/2021 11:16:01 21 2
bbc
"Very Opaque" - why that could describe a multiplicity of things present in the UK.

Very handy description.
51
30/03/2021 11:37:02 3 8
bbc
like this government perhaps/and sage!
34
30/03/2021 11:22:58 26 2
bbc
Raped it you mean!? He spend £42m on a house in London last year. Where did that money come from?
52
30/03/2021 11:38:18 13 1
bbc
42 million on house if ever an example of why we are going wrong was needed here it is.
No money for industry but endless billions for housing and the cost of housing rocketing into space
126
30/03/2021 13:05:14 9 2
bbc
Yep, housing. All that oil money which came our way in the 70s/80s wasted on eqiuties & property speculation, + of course aying for the unemployment the casino economy helped create @ the time, whereas wiser countires not too far from us set up sovereign wealth funds. Opportunities for re-tooling & re-skilling also missed, while spivs prospered...Its just Thatcher's mess we're clearing up now.
45
30/03/2021 11:30:45 4 3
bbc
Do we need specialist steel industries? Probably yes wrt certain applications.

Is that the same as all steel? No.

Can UK steel be competitive with world prices? Probably not as long as we maintain the highest energy prices (for eco-reasons) in the developed world and the industry is scattered around the country.
53
30/03/2021 11:39:47 4 1
bbc
That's what tariffs are for. Use our steel for the home markets and just accept that we won't be able to export much.
15
30/03/2021 11:11:58 1 14
bbc
Let the steel industry die. Then we won't have any excuse for allowing that nasty new coal mine to go into operation.

The 19th century is already 120 years in the past. Let it die!
54
30/03/2021 11:40:22 3 1
bbc
You could despair could you not?
55
30/03/2021 11:41:01 7 2
bbc
Government subsidies are not for steel workers, they are for rich list billionaires seemingly.

https://unearthed.greenpeace.org/2017/06/30/rich-list-billionaires-scoop-millions-farm-subsidy-payments/
69
30/03/2021 11:50:10 2 8
bbc
These were not government subsidies, they were EU subsidies from the CAP, which Britain has lobbied to abolish, and was supposed to be changed years ago, but wasn't because French and German landowners benefit substantially.

The UK government wants to work towards subsidies for land management, not just payments on acreage.
56
30/03/2021 11:42:24 6 7
bbc
Why not 're nationalist all the company's mad Maggie sold of cheap
64
30/03/2021 11:47:00 3 6
bbc
You mean all the ones that cost the tax payer a fortune to subsidise but ate now making a profit and paying tax back into the system?
48
30/03/2021 11:33:49 5 4
bbc
Sadly we will be backing a 'loser'. Whilst you can buy steel on the world market as cheap as chips, it'll never be a profitable business sadly.

What the Gov should do is set up an 'Open-Fund' so all those good-hearted souls who want to put money towards saving Liberty Steel can give as much as they want......Returns on Investment TBD at a later date..let's see how many takers we get...
57
30/03/2021 11:43:00 7 1
bbc
As cheap as chips, eh? Problem is a lot of it is of poor quality, and I'd imagine you have to pay a bit more for the good stuff?
125
30/03/2021 13:02:18 0 1
bbc
Quality maybe poor, trouble is quality businesses producing quality products are easily overwhelmed by rock bottom prices. Our own High Streets are a shining example.....Cheap is best think a large part of the buying public.
58
30/03/2021 11:43:08 2 1
bbc
Some folk have already put great distance between the problem and themselves ?
59
30/03/2021 11:44:45 6 4
bbc
We currently have the most socialist Cons Govt. in history, so anything is possible. Particularly where the spaffing of public money is concerned.
62
30/03/2021 11:45:52 2 2
bbc
Spaffing??
184
30/03/2021 14:15:50 1 1
bbc
We should find out the new policy at PMQ's tomorrow; whatever Starmer suggests. and Johnson decries, will be gov policy in 3 weeks.
60
30/03/2021 11:45:17 5 3
bbc
"Business Secretary Kwasi Kwarteng said the government could not put money into a "black box". And the tory led council in Northampton lent £10M without any due diligence and lost it all - taxpayer picks up the bill. As for nationalisation - no. High street shops didn't get bailed out so why make an exception? It's called capitalism - not communism.
8
30/03/2021 11:03:48 69 15
bbc
Government needs to make sure all staff are on furlough, let it go bankrupt, buy it cheap, then rebuild it and set it up as a national asset creating speciality products for UK industries and selected partner countries. Time to show the world what we are capable of.
61
30/03/2021 11:45:20 10 3
bbc
@"Government needs to make sure all staff are on furlough, let it go bankrupt, buy it cheap, then rebuild it and set it up as a national asset creating speciality products for UK industries and selected partner countries. Time to show the world what we are capable of."
--

It's already in the UK, UK workforce, etc, and losing money....

What do you think will be different as a 'national asset'?
59
30/03/2021 11:44:45 6 4
bbc
We currently have the most socialist Cons Govt. in history, so anything is possible. Particularly where the spaffing of public money is concerned.
62
30/03/2021 11:45:52 2 2
bbc
Spaffing??
48
30/03/2021 11:33:49 5 4
bbc
Sadly we will be backing a 'loser'. Whilst you can buy steel on the world market as cheap as chips, it'll never be a profitable business sadly.

What the Gov should do is set up an 'Open-Fund' so all those good-hearted souls who want to put money towards saving Liberty Steel can give as much as they want......Returns on Investment TBD at a later date..let's see how many takers we get...
63
30/03/2021 11:46:48 3 2
bbc
Whilst you can buy steel on the world market as cheap as chips! Really, have you seen the current world market for steel? Prices have never been so high.
120
30/03/2021 12:57:21 0 1
bbc
World steel prices, pre pandemic and post pandemic have and will again be controlled by China. Trump was, in my opinion, an unprofessional buffoon....but he was correct about China’s intentions to control everything; steel prices are just one tiny piece of their jigsaw.
56
30/03/2021 11:42:24 6 7
bbc
Why not 're nationalist all the company's mad Maggie sold of cheap
64
30/03/2021 11:47:00 3 6
bbc
You mean all the ones that cost the tax payer a fortune to subsidise but ate now making a profit and paying tax back into the system?
91
30/03/2021 12:26:00 0 1
bbc
You would have to be a tax payer first I mean someone that uses an accountant to lower their personal tax contribution and then crys about tax payers money been waisted smacks of been an hypocrite
245
30/03/2021 15:38:01 0 1
bbc
Or the ones that cost the tax payer a bigger fortune now, that are Fire & Rehire champions, and are cutting staff pay & lengthening hours, and are political party donors?

The profits come from the customers. Most of whom use uSwitch as often as they can.

Good market? Pffffft. Don't tell Sid. Thatcher sold the family silver to the favoured son, and told the others to eat dirt.
65
30/03/2021 11:48:54 19 1
bbc
Seems to be an increase in billionaires pleading poverty over the last 5 years or so.
350
31/03/2021 00:40:27 0 1
bbc
I agree. The issue of nationalizing an ability to make a product locally that is in demand isn't a bad idea. Manufacturing should be encouraged.. The UK makes things today that undercut your clock and trouble making neighbors with just as high quality.
66
30/03/2021 11:49:28 7 2
bbc
not wanting to cast aspersions on anyone's character, however, if sanjeev is related to the guptas, who were part of an enterprise focused on state capture in south africa, then i do not believe it would be advisable to provide taxpayer's money to bail out privateers whose primary aim seems to be to line their own pockets, while businesses are deprived of real investment, at home or from abroad.
13
30/03/2021 11:10:39 23 3
bbc
Continuity of production is essential. Putting the staff on furlough implies stopping production. Rapid and effective intervention is necessary. Lessons should have been learned when the company building the new hospital in Liverpool, failed. The hospital became years overdue and vastly overbudget.
67
30/03/2021 11:49:41 1 5
bbc
I think it's better to let it fail, then take it over and sell it down the line. No money should go to the current owner. Steel can be brought elsewhere for a while, no need for 100% continuity I would have thought.
141
30/03/2021 13:31:39 7 1
bbc
Once furnaces have gone cold, it takes huge amounts of money to start them up again since the lining has to be wrecked and rebuilt. We have to recognise that China will always be able to make steel more cheaply than we can. But when you take into account the export of wealth to pay for it, the pollution and the social costs, it is very expensive indeed. Action today is needed.
68
30/03/2021 11:49:46 7 2
bbc
Why doesn't the government put Tariffs on Steel imports? When we were in the EU the UK was asked if it wanted to put Tariffs up to stop companies like Liberty Steel being undermined by subsidised Steel imports and said no. Now we've left the Tories seem desperate to get the Tax Payers wallet out instead of putting tarifs up. Why?
89
30/03/2021 12:22:45 0 5
bbc
Cronies both Blair and Cameron are guilty
92
30/03/2021 12:26:13 1 1
bbc
There are Tariffs on steel imports
Fact - technology plays a huge role. Liberty inherited British Steels technology which is restricted compared to the global market. Significant investment and technical advances would be needed to to make Liberty viable
This will take vast sums & years
Until then we will still need access to steels Liberty cannot make. Do you want to pay tariffs on these steels?
167
30/03/2021 13:56:38 0 1
bbc
Tariffs on steel imports would raise the prices to industry on types of steel we don't make.
Hence hitting our industry.
55
30/03/2021 11:41:01 7 2
bbc
Government subsidies are not for steel workers, they are for rich list billionaires seemingly.

https://unearthed.greenpeace.org/2017/06/30/rich-list-billionaires-scoop-millions-farm-subsidy-payments/
69
30/03/2021 11:50:10 2 8
bbc
These were not government subsidies, they were EU subsidies from the CAP, which Britain has lobbied to abolish, and was supposed to be changed years ago, but wasn't because French and German landowners benefit substantially.

The UK government wants to work towards subsidies for land management, not just payments on acreage.
48
30/03/2021 11:33:49 5 4
bbc
Sadly we will be backing a 'loser'. Whilst you can buy steel on the world market as cheap as chips, it'll never be a profitable business sadly.

What the Gov should do is set up an 'Open-Fund' so all those good-hearted souls who want to put money towards saving Liberty Steel can give as much as they want......Returns on Investment TBD at a later date..let's see how many takers we get...
70
30/03/2021 11:51:52 3 2
bbc
China has tried to flood the market with cheap, state subsidised steel to drive firms out of business and ultimately control the market.
102
30/03/2021 12:36:18 0 1
bbc
Then jack up the price further damaging other industries that use steel. But hey let's all repeat the British mantra cheapest is best cheapest is best look after the pennies and the pounds will look after themselves every little helps and we will sing this all the way to oblivion
121
30/03/2021 12:58:19 0 1
bbc
Couldn’t agree more. Everyone needs to wake up to the threat they pose.
71
30/03/2021 11:55:23 11 2
bbc
Dodgy Dave at his best.
72
30/03/2021 11:58:10 20 1
bbc
Government bodies have been throwing money at Gupta over the last few years with zero due diligence all for the sake of a photo opportunity. It was obvious to anyone dealing with him that he was behaving like a kid in a sweet shop.
324
30/03/2021 19:31:19 6 1
bbc
Tory principles:
1. Nationalisation of industry and utilities (when it's failing).
2. Privatisation of industry and utilities (when it's profitable).
What a bunch of spivs.
73
30/03/2021 11:59:53 6 5
bbc
this site must be nationalized or we face the prospects of the collapse of steel industry in the UK.
Far better to be nationalised making steel than sitting on backside doing diddley.
we gave france £190 million to stop migrants so cough up UK government and why are we giving Asia £900 million from foreign aid and putting our steel men and women out of work?
110
30/03/2021 12:42:55 2 1
bbc
Because the Tories don't care about "people" they care about money and influence.
74
30/03/2021 12:02:26 41 3
bbc
Current directors and senior management team need to go before any public money is put in, or that will disappear as well,
118
30/03/2021 12:51:24 12 1
bbc
Well said !
263
30/03/2021 15:57:34 0 3
bbc
Sounds a solid plan, but who would replace them? A bunch of likely inexperienced government appointed 'civil' servants, not used to make profits just spending, and/or government 'pals' from that pool of winners of substantial pay offs from previous employments. Tough choice!
286
30/03/2021 16:37:14 1 1
bbc
I wouldn't get rid of the Management team. The directors yes, but you need a knowledgeable management team who understand the industry and markets. There aren't a lot of them around at all in the UK nowadays
326
30/03/2021 19:54:03 0 1
bbc
Can’t see that happening.
329
30/03/2021 20:00:26 0 1
bbc
Yes, Dave Cameron needs to go.

Cheezus.
75
30/03/2021 12:05:41 56 2
bbc
So a private company supported by money from a financial system that creates it from nothing (without any government control), and then adds interest, wants a 'socialist' bailout when its financially illiterate system fails. AND the mealy-mouthed charlatans who profit from the system still have the gall to shout down anyone who points it out. Like now.
149
30/03/2021 13:41:03 37 2
bbc
Exactly, Privatise the profits when they're available but socialise the debts.
76
30/03/2021 12:06:30 12 6
bbc
Having now moved so far left the Tories have made electoral room for a centrist party and a right of centre party! Tory blue is displaying a redish hue for sure these days
35
30/03/2021 11:24:43 31 5
bbc
As per the story yesterday. Nationalisation is the only option for any Gov or they will just be giving money to a private company. Nationalise it, stabilise it and then flog it on eventually if you like or keep it even as a key national industry maybe? Power, Water & Telecoms next please.
77
30/03/2021 11:52:38 23 8
bbc
Trains! Add Trains to the list. Costs more than double the price to buy/tax/fuel a car than it is for a season ticket to London from my home town.
343
31/03/2021 00:01:44 0 1
bbc
I'd Nationalise water, electric; gas; and broadband too. I don't want to live in a rip off market for the basics we need in life. It's a nightmare every time you're out of contract to search for another. And its not even a real market, as a handful of companies own many of the suppliers operating in the said market.
78
30/03/2021 12:11:17 6 1
bbc
British steel recycled
46
30/03/2021 11:32:05 12 7
bbc
Nationalisation is a better option than creating three generations of few thousand families on the dole. Still we feel this due to closed mining pits. In some towns half of the residents are on government handouts.
79
30/03/2021 12:13:19 3 4
bbc
And what did Labour do for the former mining areas? Nothing. Other than collect their votes for years.
103
30/03/2021 12:38:54 1 2
bbc
Very true but the labour party turned their back on the working class and became the party of cosmopolitan London.
But we will take the vote off any fool stupid enough to vote for us
221
30/03/2021 15:04:13 0 1
bbc
yer wrong
look up Coalville, North West Leicestershire
boomed in the Blair years
the problem was it came too late for the ageing industrial workforce
incoming Eastern Europeans then created resentment amongst the Labour voting locals
who then went for Brexit

I love Britain it loathes others about as much as it loathes itself
I remember the town with it's clannish pits, associations and clubs
44
30/03/2021 11:30:24 6 7
bbc
Let's all be very clear.

The Tories won't nationalize a steel company as its against their ideology.

Steel workers in Britain can't hope to compete with cheap overseas labour.

As always with the Evil Tories its a race to the bottom.

There are 100,000 care worker vacancies so there is no excuse for steel workers to be on the dole. They simply need to get on their bikes and find a job.
80
30/03/2021 12:14:08 0 4
bbc
So left wing ideology is to protect an inefficient loss making industry at any cost?
105
30/03/2021 12:39:58 1 1
bbc
You make it sound like privatisation was successful????
246
30/03/2021 15:39:59 0 1
bbc
That's not what was said. Your false dichotomy & a loaded question is typical Trumpism. Putting answers in the mouths of others is a pretty lame trick that fools only you.
81
30/03/2021 12:15:32 2 7
bbc
We should learn from the Covid vaccines issues, we must make steel in this Country and the government build the new warships with British Steel.
We must also learn that cheaper foreign items are not always the best and we should keep manufacturing in this country
100
30/03/2021 12:35:06 1 3
bbc
Steel is steel Harry - doesn't matter where it comes from.
101
30/03/2021 12:35:10 1 1
bbc
Then why should other countries buy goods from us?
109
30/03/2021 12:41:32 0 2
bbc
So why did the Tories veto import tariffs on none EU steel which would have made some grades of China Steel not viable for import?

Then allowing two major parts of processing to close in the North East only stepping in to do anything at all when it hit Welsh Tory areas.
82
30/03/2021 12:06:45 17 1
bbc
It would seem far better for the government to allow it to go into administration before putting money in.
116
30/03/2021 12:50:16 9 1
bbc
Agreed: Administration neutralises the Gupta danger....
11
30/03/2021 11:06:53 15 9
bbc
So this new Brexit Britain actually relies on providing tax payers money to keep UK business going? Winner - 3rd world status.

This is a joke surely? We cannot become a business welfare state as well as a public one, even if cutting ourselves off from the worlds largest trading block was seen as a good idea due to elitist greed and dark ages nationalism.

Just the start I suspect #Brexitwinning
83
30/03/2021 12:17:00 0 3
bbc
So this company fared wonderfully under the EU? Right. Got you. It's getting boring now.
169
30/03/2021 14:01:07 0 1
bbc
However it fared in the EU, it is much worse off now.
84
30/03/2021 12:17:27 6 1
bbc
It was a Conservative Trade Minister who refused the company money before on the 24/05 2019 stating there was no guarantee the money would be paid back. What has happened since that time, now makes it a viable proposition?
269
30/03/2021 16:06:55 0 1
bbc
Ah but the money was paid back - to the Tory party
85
30/03/2021 12:20:14 0 1
bbc
Taking equity is the only most practical way of dealing with this.
86
30/03/2021 12:20:32 3 6
bbc
If the Tories are serious about rearming the UK's military and once again become a ship building nation this is a no brainer. Get it done Boris!
98
30/03/2021 12:33:45 5 1
bbc
In other words, make the taxpayer pay double the price for goods made here when we're not competitive in an industry such as shipbuilding.
104
30/03/2021 12:39:25 0 2
bbc
You think if that was a thing we wouldn't have vetoed steel imports tariffs in 2016 allowing EU and UK products to be undercut due to a Tory decision

You also have thought they would have protected both the arc furnace and coke oven at Teesside and not waiting until it had been closed for 2 months and about to hit Welsh Tory areas before they saved it

Labour wanted to nationalise it 4y ago
15
30/03/2021 11:11:58 1 14
bbc
Let the steel industry die. Then we won't have any excuse for allowing that nasty new coal mine to go into operation.

The 19th century is already 120 years in the past. Let it die!
87
30/03/2021 12:20:56 1 1
bbc
So you want to take us back to the stone age? Everything you touch, the car you drive, the food you eat, the clothes you wear, all need steel to manufacture. Your post is at best naïve.
88
30/03/2021 12:21:35 5 4
bbc
Purchase from the receivers for a pound then nationalise as we have now left the EU !
93
30/03/2021 12:26:54 1 3
bbc
I wonder if the pension liability . if so The employees and everyone else that is a member of a pension scheme that has to paid a scheme levy will be the biggest losers so for that reason its perhaps better the Government saves the business.
97
30/03/2021 12:31:59 1 1
bbc
If every country plays that game, we can forget about exporting anything.
68
30/03/2021 11:49:46 7 2
bbc
Why doesn't the government put Tariffs on Steel imports? When we were in the EU the UK was asked if it wanted to put Tariffs up to stop companies like Liberty Steel being undermined by subsidised Steel imports and said no. Now we've left the Tories seem desperate to get the Tax Payers wallet out instead of putting tarifs up. Why?
89
30/03/2021 12:22:45 0 5
bbc
Cronies both Blair and Cameron are guilty
90
30/03/2021 12:25:38 41 1
bbc
Another company that has borrowed too much, though owned by a man who could spend 42m on his London townhouse last year?
328
30/03/2021 19:59:47 4 1
bbc
This isn't about a 'company' 'borrowing' too much. This is about systemic fruad.

To think we used to complain about duck houses and now we don't even call it CORRUPTION when we see it!!
64
30/03/2021 11:47:00 3 6
bbc
You mean all the ones that cost the tax payer a fortune to subsidise but ate now making a profit and paying tax back into the system?
91
30/03/2021 12:26:00 0 1
bbc
You would have to be a tax payer first I mean someone that uses an accountant to lower their personal tax contribution and then crys about tax payers money been waisted smacks of been an hypocrite
68
30/03/2021 11:49:46 7 2
bbc
Why doesn't the government put Tariffs on Steel imports? When we were in the EU the UK was asked if it wanted to put Tariffs up to stop companies like Liberty Steel being undermined by subsidised Steel imports and said no. Now we've left the Tories seem desperate to get the Tax Payers wallet out instead of putting tarifs up. Why?
92
30/03/2021 12:26:13 1 1
bbc
There are Tariffs on steel imports
Fact - technology plays a huge role. Liberty inherited British Steels technology which is restricted compared to the global market. Significant investment and technical advances would be needed to to make Liberty viable
This will take vast sums & years
Until then we will still need access to steels Liberty cannot make. Do you want to pay tariffs on these steels?
95
30/03/2021 12:30:06 0 1
bbc
Yes
88
30/03/2021 12:21:35 5 4
bbc
Purchase from the receivers for a pound then nationalise as we have now left the EU !
93
30/03/2021 12:26:54 1 3
bbc
I wonder if the pension liability . if so The employees and everyone else that is a member of a pension scheme that has to paid a scheme levy will be the biggest losers so for that reason its perhaps better the Government saves the business.
44
30/03/2021 11:30:24 6 7
bbc
Let's all be very clear.

The Tories won't nationalize a steel company as its against their ideology.

Steel workers in Britain can't hope to compete with cheap overseas labour.

As always with the Evil Tories its a race to the bottom.

There are 100,000 care worker vacancies so there is no excuse for steel workers to be on the dole. They simply need to get on their bikes and find a job.
94
30/03/2021 12:27:02 2 1
bbc
I see you are a big fan of "onyerbike" Baron Norman Tebbit.

It really is so simple to find a job, as long as it's not you who has to do it.
92
30/03/2021 12:26:13 1 1
bbc
There are Tariffs on steel imports
Fact - technology plays a huge role. Liberty inherited British Steels technology which is restricted compared to the global market. Significant investment and technical advances would be needed to to make Liberty viable
This will take vast sums & years
Until then we will still need access to steels Liberty cannot make. Do you want to pay tariffs on these steels?
95
30/03/2021 12:30:06 0 1
bbc
Yes
96
30/03/2021 12:30:55 3 2
bbc
Is there a business case for doing this or is the government simply going to use taxpayers' money for their short term political gain? Just as with Labour, it's always easy to appear generous with other people's money.
99
30/03/2021 12:34:48 5 4
bbc
So your opinion on £170m to potentially save peoples jobs, especially in Teesside which already had it's arc furnace collapse when the Tories did nothing before Liberty took over everything else.

OR

£2.6b lost to chums, £20.2b to SERCO for Test and Trace, £522m on Eat out to help out?

Pick anyone of those and say what is better
88
30/03/2021 12:21:35 5 4
bbc
Purchase from the receivers for a pound then nationalise as we have now left the EU !
97
30/03/2021 12:31:59 1 1
bbc
If every country plays that game, we can forget about exporting anything.
86
30/03/2021 12:20:32 3 6
bbc
If the Tories are serious about rearming the UK's military and once again become a ship building nation this is a no brainer. Get it done Boris!
98
30/03/2021 12:33:45 5 1
bbc
In other words, make the taxpayer pay double the price for goods made here when we're not competitive in an industry such as shipbuilding.
199
30/03/2021 14:39:04 0 1
bbc
Yes - if it provides security. Tory penny pinching proven to cost more in the long run. Evidence NHS and Covid Pandemic.
96
30/03/2021 12:30:55 3 2
bbc
Is there a business case for doing this or is the government simply going to use taxpayers' money for their short term political gain? Just as with Labour, it's always easy to appear generous with other people's money.
99
30/03/2021 12:34:48 5 4
bbc
So your opinion on £170m to potentially save peoples jobs, especially in Teesside which already had it's arc furnace collapse when the Tories did nothing before Liberty took over everything else.

OR

£2.6b lost to chums, £20.2b to SERCO for Test and Trace, £522m on Eat out to help out?

Pick anyone of those and say what is better
106
30/03/2021 12:40:55 1 1
bbc
Government's cannot "save" businessess. If we go down this route, we go back to the 1930s when global trade was destroyed by protectionism. We are too small a country to only trade with ourselves.
115
30/03/2021 12:48:06 0 1
bbc
No £170m if Gupta stays; only if he goes.
81
30/03/2021 12:15:32 2 7
bbc
We should learn from the Covid vaccines issues, we must make steel in this Country and the government build the new warships with British Steel.
We must also learn that cheaper foreign items are not always the best and we should keep manufacturing in this country
100
30/03/2021 12:35:06 1 3
bbc
Steel is steel Harry - doesn't matter where it comes from.
119
30/03/2021 12:44:03 3 1
bbc
Wrong everyone thinks steel is steel! There are a huge number of different steels from the cheap crap that's used to make food tins to highly specialised steels used in tool making/engineering etc!!
134
30/03/2021 13:22:27 0 1
bbc
Think you will find Chinese steel is inferior. We need steel production in the UK so we don't rely on others like the EU ,we need specialist steels.