Should the government do more to help the steel industry or....

Danthus · 31 Mar 2016 at 09:00

Hades said:
I agree it's not ideal but possibly better than losing your job immediately? At least you'd have employment while you tried to find something better paid.

And will the mortgage company etc etc reduce their payments in a reciprocal fashion?

Danthus · 31 Mar 2016 at 14:24

Evangelion said:
The private sector always argues that government should not interfere with the free market. Since the steel industry is part of the private sector, government should respect its wishes and allow it to die without any interference.

Until of course that state offered billions to the banking sector.

Danthus · 31 Mar 2016 at 14:30

Avenged7Fold said:
Quite different though.

There is no signs the steel industry will improve with just a buy out.

How is it different, the banks get themselves into a mess, nobody forced them to trade debt.

Danthus · 31 Mar 2016 at 21:20

A company that is looking at buying the UK Tata operation has just said on the radio that Port Talbot may not be viable.

Danthus · 31 Mar 2016 at 22:11

How is the Port Talbot plant losing £1m per day?

Danthus · 1 Apr 2016 at 20:48

Zethor said:
No. Let developing countries make steel, Britain is better off selling services.

Kylevdm said:
This.

Why?

Danthus · 1 Apr 2016 at 21:03

[TW]Fox;29346260 said:
Which Member State said 'No' scorza?

How would this outcome have been different had we been outside the EU?

Danthus · 1 Apr 2016 at 21:10

But we do manufacture things and we manufacture things that require steel.

Danthus · 1 Apr 2016 at 22:48

http://www.theguardian.com/business/2016/apr/01/chinese-imposes-tariff-on-eu-steel-imports-tata

China has risked raising tensions over its role in the UK steel crisis by imposing a 46% import duty on a type of high-tech steel made by Tata in Wales.

The Chinese government said it had slapped the tariff on “grain-oriented electrical steel” imported from the European Union, South Korea and Japan. It justified the move by saying imports from abroad were causing substantial damage to its domestic steel industry.

Tata Steel, whose subsidiary Cogent Power makes the hi-tech steel targeted by the levy in Newport, south Wales, was unable to say on Friday whether any Cogent products are exported to China.

News of the tariff emerged as David Cameron confronted the Chinese president, Xi Jinping, on the sidelines of a summit dinner in Washington on Thursday night, urging him to use Beijing’s presidency of the G20 group of leading countries to tackle the problem.

Danthus · 3 Apr 2016 at 11:27

Caged said:
All that public sector infrastructure spending on steel will surely turn things around

Like buying Japanese trains?

Danthus · 3 Apr 2016 at 12:16

One of the arguments for spending £120 billion on a Trident replacement is the fact it will save 6000 jobs.

Danthus · 3 Apr 2016 at 18:41

It is a crazy situation that we farm out infrastructure projects to foreign countries.