"British Steel on verge of administration"

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"British Steel on verge of administration"

Post by William Joseph1 » Tue May 21, 2019 9:46 am

British Steel on verge of administration
https://www.bbc.co.uk/news/business-48347371

Will it be bailed out or not?
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Re: "British Steel on verge of administration"

Post by Boro Boy » Tue May 21, 2019 10:26 am

Provocation: don't get me started on this one... :thumbdown:

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Re: "British Steel on verge of administration"

Post by William Joseph1 » Tue May 21, 2019 10:45 am

Boro Boy wrote:
Tue May 21, 2019 10:26 am
Provocation: don't get me started on this one... :thumbdown:
There is nothing provocative about the subject being raised. You choose to contribute to the debate or not. I have no intention avoiding subjects you might not be happy with.
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Re: "British Steel on verge of administration"

Post by blythburgh » Tue May 21, 2019 11:05 am

Boro Boy wrote:
Tue May 21, 2019 10:26 am
Provocation: don't get me started on this one... :thumbdown:
Where is the provocation? The Govt. may or may not choose to bail them out. If they do it means using taxpayers money. If they do not jobs will be loss.

There are arguments for and against a bail out. No reason why this should not be debated.
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Re: "British Steel on verge of administration"

Post by Boro Boy » Tue May 21, 2019 11:14 am

blythburgh wrote:
Tue May 21, 2019 11:05 am
Boro Boy wrote:
Tue May 21, 2019 10:26 am
Provocation: don't get me started on this one... :thumbdown:
Where is the provocation? The Govt. may or may not choose to bail them out. If they do it means using taxpayers money. If they do not jobs will be loss.

There are arguments for and against a bail out. No reason why this should not be debated.
When the Steel works in Redcar had issues and asked the Government for help the answer was:

The UK government is "limited" in what it can do to aid ailing Teesside steel firm SSI because of strict EU rules, business Minister Anna Soubry has said.

When we are outside the EU their restrictions on the UK Government acting to secure UK jobs and the future of the UK's infrastructure industries will be lifted.

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Re: "British Steel on verge of administration"

Post by pabenny » Tue May 21, 2019 11:25 am

I think we already had that discussion. But to repeat: the Conservative party in government has shown little inclination to support ailing manufacturing industry. What makes you think they would choose to support steel-making after leaving the EU?
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Re: "British Steel on verge of administration"

Post by William Joseph1 » Tue May 21, 2019 11:33 am

Conservative governments have in the past seen little need to inject cash into other ailing businesses. I see no reason why they would change their minds here. I suspect they will not, but I stand to be corrected.
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Re: "British Steel on verge of administration"

Post by Boro Boy » Tue May 21, 2019 11:46 am

William Joseph1 wrote:
Tue May 21, 2019 11:33 am
Conservative governments have in the past seen little need to inject cash into other ailing businesses. I see no reason why they would change their minds here. I suspect they will not, but I stand to be corrected.
They couldn't legally being a member within the EU, even if they wanted:

The UK government is "limited" in what it can do to aid ailing Teesside steel firm SSI because of strict EU rules, business Minister Anna Soubry has said.

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Re: "British Steel on verge of administration"

Post by William Joseph1 » Tue May 21, 2019 11:47 am

Boro Boy wrote:
Tue May 21, 2019 11:14 am
When the Steel works in Redcar had issues and asked the Government for help the answer was:

The UK government is "limited" in what it can do to aid ailing Teesside steel firm SSI because of strict EU rules, business Minister Anna Soubry has said.

When we are outside the EU their restrictions on the UK Government acting to secure UK jobs and the future of the UK's infrastructure industries will be lifted.
Post Brexit practise will be governed by any treaty (Brexit withdrawal deal) that is agreed and the policies of the government of the day.
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Re: "British Steel on verge of administration"

Post by Boro Boy » Tue May 21, 2019 12:04 pm

William Joseph1 wrote:
Tue May 21, 2019 11:47 am
Boro Boy wrote:
Tue May 21, 2019 11:14 am
When the Steel works in Redcar had issues and asked the Government for help the answer was:

The UK government is "limited" in what it can do to aid ailing Teesside steel firm SSI because of strict EU rules, business Minister Anna Soubry has said.

When we are outside the EU their restrictions on the UK Government acting to secure UK jobs and the future of the UK's infrastructure industries will be lifted.
Post Brexit practise will be governed by any treaty (Brexit withdrawal deal) that is agreed and the policies of the government of the day.
Lets hope that doesn't restrict the democratic actions of the UK Government in the UK as the membership of the EU does...! :wave:

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