The Gasbuster Posted March 30, 2016 Report Share Posted March 30, 2016 Not looking good at all for the future. Essential that we keep some of our capability; but not sure myself what the answer is. A number of people have made the comment that all capital projects from now on MUST use British Steel. I wouldn't disagree with that stance; but if this is going to be the way forward, then the Steel manufacturers in this country need to be told YOU must buy British as well. I gave up supplying that Port Talbot site with plant and services more than 10 years ago. Every time plant was needed, they would get around 20 quotes from all around the world, screw the price right down, enforce payment terms of 240 days, and after all that, buy Chinese, Indian, Turkish plant, or from somewhere even more obscure. The same response was received over and over again "You were not competitive enough, Boyo". No British product from our industry has gone into that site for more than 15 years. If taxpayers money is going to be used to save the steel industry, then the steel industry has a duty to play by the same rules, and save some British companies in their supply chain. They cannot have their cake and eat it. Oh, and if the E.U. kicks off about it, they can **** off ! Germany and France protect their industries, so why shouldn't we ? Link to comment Share on other sites More sharing options...
marshy Posted March 30, 2016 Report Share Posted March 30, 2016 It will be interesting to see what our European masters allow us to do...or not to do. Any EU lovers out there that still think we have total control over our own economic policy? Link to comment Share on other sites More sharing options...
PHILINFRANCE Posted March 30, 2016 Report Share Posted March 30, 2016 23 minutes ago, marshy said: It will be interesting to see what our European masters allow us to do...or not to do. Any EU lovers out there that still think we have total control over our own economic policy? Ha! Of course we don't. It would be nice to think (genuine economic considerations aside) that the government might say, OK, we are going to spend £X Billion to avoid massive unemployment and the multiple disadvantages, both economic and social, that come with same. Oh no you won't, will say the EU. Only France and Germany can behave like that, and the UK, as ever, will accept the EU reprimand meekly and explain that 'rules is rules'. Link to comment Share on other sites More sharing options...
marshy Posted March 31, 2016 Report Share Posted March 31, 2016 11 hours ago, PHILINFRANCE said: Ha! Of course we don't. It would be nice to think (genuine economic considerations aside) that the government might say, OK, we are going to spend £X Billion to avoid massive unemployment and the multiple disadvantages, both economic and social, that come with same. Oh no you won't, will say the EU. Only France and Germany can behave like that, and the UK, as ever, will accept the EU reprimand meekly and explain that 'rules is rules'. Don't forget Italy. They claim the subsidy is for environmental reasons, the European Commission investigates, as we know that can take a long, long time, and then many years later the costs of the investigation disappear into the black hole of the EU's unaudited accounts. Strange bedfellows, Corbyn and the European Commission, when a lot of the problems are brought about by the high cost of energy caused by EU 'Green' policies. If we had a Sovereign Wealth Fund, as those swivel-eyed loons at UKIP propose we could be stockpiling this cheap Chinese steel in readiness for future use or sale, much as we could have done with gold instead of Brown selling when the price was low. The Chinese distortion of the steel market will surely rebound to hurt them one day. It's obviously not as extreme but there are minor echoes here of Mao's 'Great Leap Forward' when the economy was sacrificed for the cause of steel production and the greatest famine in world history was precipitated. http://www.ukip.org/high_energy_costs_driven_by_eu_rules_behind_tata_decision Link to comment Share on other sites More sharing options...
BCFC Jimmer Posted March 31, 2016 Report Share Posted March 31, 2016 15 hours ago, Big Brother said: I agree with all of that. When you think about the money that was thrown at the banks, some sort of Government investment seems like a no-brainer. The banks were rightfully bailed out otherwise the economy would have completely crashed. The biggest tragedy is that at this point we put no restrictions or nationalized the banking sector so the same thing will happen again eventually. Much like other stuff, the conservatives response to the steel crisis has been shambolic to say the least. Link to comment Share on other sites More sharing options...
Barrs Court Red Posted March 31, 2016 Report Share Posted March 31, 2016 It loses £1million pounds a day. The quandry is that it's a strategic industry. Not sure nationalisation is the correct approach, and it seems a buyer may be on the horizon anyway. Link to comment Share on other sites More sharing options...
richwwtk Posted March 31, 2016 Report Share Posted March 31, 2016 ... Link to comment Share on other sites More sharing options...
Guest Posted April 2, 2016 Report Share Posted April 2, 2016 The Torygraph diverting the attention away from the government and having a pop at Labour. Standard. Link to comment Share on other sites More sharing options...
marshy Posted April 2, 2016 Report Share Posted April 2, 2016 On 3/31/2016 at 10:11, Collis1 said: The banks were rightfully bailed out otherwise the economy would have completely crashed. The biggest tragedy is that at this point we put no restrictions or nationalized the banking sector so the same thing will happen again eventually. Much like other stuff, the conservatives response to the steel crisis has been shambolic to say the least. You are just repeating something you've read somewhere, it is by no means certain this would have happened.The only institutions to receive huge amounts were Lloyds and RBS. As far as I'm aware Barclays refused a bail-out as did Abbey, HSBC, Nationwide, and Standard Chartered Bank and they all seem to be ticking along reasonably well. No doubt they would have taken up some of the slack if Lloyds and RBS had gone to the wall. Moreover there are many that believe the collapse of Lloyds was hastened by Brown's over anxious enthusiasm and support for its takeover of the Halifax just before the brown stuff hit the fan. Link to comment Share on other sites More sharing options...
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