| Well done Remoaners 17:30 - May 22 with 6194 views | pickles110564 |
We can't bail out British Steel because of the EU, 25000 jobs lost on you |  | | |  |
| Well done Remoaners on 18:37 - May 22 with 1250 views | gazzer1999 |
| Well done Remoaners on 17:36 - May 22 by GlasgowBlue |
What isn't fake news is that British Steel had to give the EU for £120 million worth of payments under its Emissions Trading Scheme.
Under the ETS, heavy industries which face international competition are given free allowances of carbon credits to meet the EU demands. But although the UK is bound by the ETS until December 2020, the EU has decided to stop issuing free allowances to UK firms. |
The government had to give them a bridging loan for that money to pay the EU. And under EU law any money lent to companies have to be on a commercial basis, any proposals by the company to borrow more money would have been unlawful.
95% of steel for rails for British Rail are sourced from British steel, not sure what brexit has to do with that.
This is just a follow up to your comments not a dig. |  | | |
| Well done Remoaners on 18:45 - May 22 with 1233 views | Nthsuffolkblue |
| Well done Remoaners on 18:37 - May 22 by gazzer1999 |
The government had to give them a bridging loan for that money to pay the EU. And under EU law any money lent to companies have to be on a commercial basis, any proposals by the company to borrow more money would have been unlawful.
95% of steel for rails for British Rail are sourced from British steel, not sure what brexit has to do with that.
This is just a follow up to your comments not a dig. |
It's a shame it is now Rail Track and that figure is 6 years out of date. Can't easily see what it is now but suspect it is lower.
And any comment on my question above yet? [Post edited 22 May 2019 18:46]
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| Well done Remoaners on 19:08 - May 22 with 1204 views | gazzer1999 |
| Well done Remoaners on 18:45 - May 22 by Nthsuffolkblue |
It's a shame it is now Rail Track and that figure is 6 years out of date. Can't easily see what it is now but suspect it is lower.
And any comment on my question above yet? [Post edited 22 May 2019 18:46]
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"British Steel customer Network Rail sources 95% of its rails from British Steel's Scunthorpe plant.
In a statement, the rail infrastructure operator said it had been working closely with British Steel and the government for "many weeks".
"We have done what we can to help ease the company's financial difficulties. We have improved our order book with the company - increasing rail production volumes, bringing orders forward and committing to a long term schedule - as well as offering immediate payment to ease the pressure on cash flow."
It is understood the company has enough stockpiles to keep it going until other suppliers can increase production."
From the BBC news website, Network Rail not Rail Track, if you want to be picky. Failed to see that the figures were out of date, as it was written today. | | | |
| Well done Remoaners on 19:10 - May 22 with 1201 views | gazzer1999 |
| Well done Remoaners on 17:58 - May 22 by Nthsuffolkblue |
Could also be linked to the government sourcing 42% of its steel from abroad. |
Are the government stock piling the steel to make up for the loss we had on gold that Gordon Brown sold at rock bottom prices? | | | |
| Well done Remoaners on 19:13 - May 22 with 1199 views | Nthsuffolkblue |
| Well done Remoaners on 19:08 - May 22 by gazzer1999 |
"British Steel customer Network Rail sources 95% of its rails from British Steel's Scunthorpe plant.
In a statement, the rail infrastructure operator said it had been working closely with British Steel and the government for "many weeks".
"We have done what we can to help ease the company's financial difficulties. We have improved our order book with the company - increasing rail production volumes, bringing orders forward and committing to a long term schedule - as well as offering immediate payment to ease the pressure on cash flow."
It is understood the company has enough stockpiles to keep it going until other suppliers can increase production."
From the BBC news website, Network Rail not Rail Track, if you want to be picky. Failed to see that the figures were out of date, as it was written today. |
OK. Fair enough found it now. Only figures I could find before were from 2013. Suggests that figure has remained steady over that period too.
Interesting the private company is willing to put 95% of its orders that way while the government only does with a much smaller percentage.
PS It helps to give an actual link. | |
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| Well done Remoaners on 19:15 - May 22 with 1196 views | Swansea_Blue |
| Well done Remoaners on 19:08 - May 22 by gazzer1999 |
"British Steel customer Network Rail sources 95% of its rails from British Steel's Scunthorpe plant.
In a statement, the rail infrastructure operator said it had been working closely with British Steel and the government for "many weeks".
"We have done what we can to help ease the company's financial difficulties. We have improved our order book with the company - increasing rail production volumes, bringing orders forward and committing to a long term schedule - as well as offering immediate payment to ease the pressure on cash flow."
It is understood the company has enough stockpiles to keep it going until other suppliers can increase production."
From the BBC news website, Network Rail not Rail Track, if you want to be picky. Failed to see that the figures were out of date, as it was written today. |
Maybe people should have thought of that before letting a bunch of charlatans convince them to vote for a course of action that was always going to damage our country. It’s not as if they weren’t warned either. [Post edited 22 May 2019 19:29]
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| Well done Remoaners on 00:22 - May 23 with 1112 views | SpruceMoose |
| Well done Remoaners on 17:37 - May 22 by J2BLUE |
What a stupid post. Their situation is caused by the uncertainty around Brexit.
You really do get more stupid with each day. |
I don't think that's true. Reckon he hit peak stupid a few moments after birth and leveled off immediately. [Post edited 23 May 2019 0:23]
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| Pronouns: He/Him/His.
"Imagine being a heterosexual white male in Britain at this moment. How bad is that. Everything you say is racist, everything you say is homophobic. The Woke community have really f****d this country." | | Poll: | Selectamod |
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| Well done Remoaners on 05:17 - May 23 with 1090 views | m14_blue |
Remain lost the referendum, how on earth can remainers be responsible for anything??
This is what the future holds isn’t it? Absolutely no responsibility taken amongst the Brexiteers as Project Feat becomes reality and their supporters will still blindly blame everyone else while they stand in the queue at the job centre.
Shameless. |  | | |
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| Well done Remoaners on 06:33 - May 23 with 1060 views | ballycastle |
| Well done Remoaners on 17:37 - May 22 by J2BLUE |
What a stupid post. Their situation is caused by the uncertainty around Brexit.
You really do get more stupid with each day. |
Not completely, The lending of money to businesses on less than commercial terms is illegal under EU law, this is also part of the reason if the Guardian is to be believed. | | | |
| Well done Remoaners on 07:34 - May 23 with 1007 views | vilanovablue |
| Well done Remoaners on 19:10 - May 22 by gazzer1999 |
Are the government stock piling the steel to make up for the loss we had on gold that Gordon Brown sold at rock bottom prices? |
Which was what economists recommended at the time and was spent on bonds which return a yield whilst gold just sits the. It is also worth pointing out he only sold a fraction of our gold but that doesn't fit the narrative does it? |  | | |
| Well done Remoaners on 07:59 - May 23 with 989 views | GlasgowBlue |
| Well done Remoaners on 07:34 - May 23 by vilanovablue |
Which was what economists recommended at the time and was spent on bonds which return a yield whilst gold just sits the. It is also worth pointing out he only sold a fraction of our gold but that doesn't fit the narrative does it? |
He sold over 50% of our gold reserves and went against the advice of the BOE and his civil servants. The sale generated around or £2.4billion but it is now worth around £17billion.
That is a matter of public record. |  |
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| Well done Remoaners on 08:02 - May 23 with 984 views | vilanovablue |
| Well done Remoaners on 07:59 - May 23 by GlasgowBlue |
He sold over 50% of our gold reserves and went against the advice of the BOE and his civil servants. The sale generated around or £2.4billion but it is now worth around £17billion.
That is a matter of public record. |
He was diversifying which was prudent based the situation then. The bonds he bought with the cash were paying 4% interest at the time, if they had remained that way it would have been a wise decision.
However we can all be economists in hindsight. | | | |
| Well done Remoaners on 08:02 - May 23 with 984 views | BloomBlue |
| Well done Remoaners on 07:34 - May 23 by vilanovablue |
Which was what economists recommended at the time and was spent on bonds which return a yield whilst gold just sits the. It is also worth pointing out he only sold a fraction of our gold but that doesn't fit the narrative does it? |
But he still sold it for less than half it's real worth. How many millionaires did he make that day (I forget) who sold it closer to 85% of it's real worth within minutes of buying it?
The stupid thing was those who made that money were the ones who were telling him to sell. A fool and his money..... |  | | |
| Well done Remoaners on 08:21 - May 23 with 954 views | GlasgowBlue |
| Well done Remoaners on 08:02 - May 23 by vilanovablue |
He was diversifying which was prudent based the situation then. The bonds he bought with the cash were paying 4% interest at the time, if they had remained that way it would have been a wise decision.
However we can all be economists in hindsight. |
It wasn’t a prudent based situation back then. He went against the advice of the BOE ad gphis advisors. | |
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| Well done Remoaners on 08:52 - May 23 with 922 views | ballycastle |
| Well done Remoaners on 07:59 - May 23 by GlasgowBlue |
He sold over 50% of our gold reserves and went against the advice of the BOE and his civil servants. The sale generated around or £2.4billion but it is now worth around £17billion.
That is a matter of public record. |
These facts obviously do not go with the 'narrative' | | | |
| Well done Remoaners on 09:10 - May 23 with 905 views | Swansea_Blue |
| Well done Remoaners on 06:33 - May 23 by ballycastle |
Not completely, The lending of money to businesses on less than commercial terms is illegal under EU law, this is also part of the reason if the Guardian is to be believed. |
Not being able to be leant money isn't the cause though; a fall-off in orders due to Brexit has been cited as the main trigger by BS, which it would obviously be vulnerable to in an already difficult global marketplace. This is the juvenile "project fear" becoming project reality in the real world, sadly. it's not the first instance and it won't be the last.
Being bailed out would be a reaction to the problem, it's not the problem. | |
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| Well done Remoaners on 09:14 - May 23 with 899 views | J2BLUE |
| Well done Remoaners on 06:33 - May 23 by ballycastle |
Not completely, The lending of money to businesses on less than commercial terms is illegal under EU law, this is also part of the reason if the Guardian is to be believed. |
I realise we can't bail them out. I'm saying their situation was caused by losing European business to need a bail out in the first place. |  |
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| Well done Remoaners on 09:14 - May 23 with 896 views | Swansea_Blue |
| Well done Remoaners on 07:59 - May 23 by GlasgowBlue |
He sold over 50% of our gold reserves and went against the advice of the BOE and his civil servants. The sale generated around or £2.4billion but it is now worth around £17billion.
That is a matter of public record. |
Yep, remember it well at the time. | |
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| Well done Remoaners on 09:15 - May 23 with 893 views | chicoazul |
| Well done Remoaners on 07:34 - May 23 by vilanovablue |
Which was what economists recommended at the time and was spent on bonds which return a yield whilst gold just sits the. It is also worth pointing out he only sold a fraction of our gold but that doesn't fit the narrative does it? |
He sold half of it! |  |
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| Well done Remoaners on 09:18 - May 23 with 888 views | footers |
| Well done Remoaners on 07:59 - May 23 by GlasgowBlue |
He sold over 50% of our gold reserves and went against the advice of the BOE and his civil servants. The sale generated around or £2.4billion but it is now worth around £17billion.
That is a matter of public record. |
Bit misleading to compare the 2008 price with today's. Gold has doubled in value since so it's an unfair comparison.
Not saying it wasn't a bad deal, btw. |  |
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| Well done Remoaners on 09:23 - May 23 with 874 views | chicoazul |
| Well done Remoaners on 09:18 - May 23 by footers |
Bit misleading to compare the 2008 price with today's. Gold has doubled in value since so it's an unfair comparison.
Not saying it wasn't a bad deal, btw. |
The whole "he sold our gold" thing is such BS anyway. Is that the best people can levy against him? If so he was a pretty damn good Chancellor & PM. | |
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| Well done Remoaners on 09:24 - May 23 with 872 views | J2BLUE |
| Well done Remoaners on 09:18 - May 23 by footers |
Bit misleading to compare the 2008 price with today's. Gold has doubled in value since so it's an unfair comparison.
Not saying it wasn't a bad deal, btw. |
Central banks have been buying quite a lot of gold since about 2010. I wonder if we've bought any back at higher prices. | |
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| Well done Remoaners on 09:26 - May 23 with 869 views | StokieBlue |
| Well done Remoaners on 07:59 - May 23 by GlasgowBlue |
He sold over 50% of our gold reserves and went against the advice of the BOE and his civil servants. The sale generated around or £2.4billion but it is now worth around £17billion.
That is a matter of public record. |
I think it's a bit harsh to point out the cost of something at a future price based on a historical sale.
By the same value he was an idiot for not investing in Apple shares in the 1990's when they were 5 USD rather than 400 USD now or keep the oil from that period and selling it when it reached 100 USD a barrel.
SB |  |
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| Well done Remoaners on 09:28 - May 23 with 862 views | chicoazul |
| Well done Remoaners on 09:26 - May 23 by StokieBlue |
I think it's a bit harsh to point out the cost of something at a future price based on a historical sale.
By the same value he was an idiot for not investing in Apple shares in the 1990's when they were 5 USD rather than 400 USD now or keep the oil from that period and selling it when it reached 100 USD a barrel.
SB |
Oh don't, you just reminded me I didnt buy as much of Barclays as I could afford in Feb 2009 like my mate told me to. | |
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| Well done Remoaners on 09:30 - May 23 with 862 views | footers |
| Well done Remoaners on 09:23 - May 23 by chicoazul |
The whole "he sold our gold" thing is such BS anyway. Is that the best people can levy against him? If so he was a pretty damn good Chancellor & PM. |
Hmm. I'm not so sure. Comparatively, I'd agree, but that's not saying much. Brown's light touch regulation of the financial sector no doubt made things worse when the inevitable happened. That and the continuation of PFI, which makes no real financial sense whatsoever. True, it gets things done quicker but we're now hampered with paying that off until 2050 in some cases, I believe. | |
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