| UK steel industry to be re-nationalised on 17:40 - Apr 12 with 3053 views | J2BLUE |
Not confirmed yet is it? Just in government control for now?
Hopefully it will be the start of nationalising the railways and water. |  |
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| UK steel industry to be re-nationalised on 17:44 - Apr 12 with 3031 views | Mullet |
Reform already saying it was their idea apparently! |  |
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| UK steel industry to be re-nationalised on 17:46 - Apr 12 with 3026 views | Nthsuffolkblue |
| UK steel industry to be re-nationalised on 17:44 - Apr 12 by Mullet |
Reform already saying it was their idea apparently! |
How did they suggest paying for it as a matter of interest since they are a party of low taxation and low spend? |  |
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| UK steel industry to be re-nationalised on 17:57 - Apr 12 with 2978 views | Mullet |
| UK steel industry to be re-nationalised on 17:46 - Apr 12 by Nthsuffolkblue |
How did they suggest paying for it as a matter of interest since they are a party of low taxation and low spend? |
Didn’t see the tweet with that in I have to confess but I assume places like Scunthorpe that are largely white and poor, will be seen as their target constituency. | |
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| UK steel industry to be re-nationalised on 18:00 - Apr 12 with 2952 views | Guthrum |
| UK steel industry to be re-nationalised on 17:46 - Apr 12 by Nthsuffolkblue |
How did they suggest paying for it as a matter of interest since they are a party of low taxation and low spend? |
They can divert some of the ÂŁ350m per week from the Brexit hospitals dividend. |  |
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| UK steel industry to be re-nationalised on 18:01 - Apr 12 with 2939 views | gtsb1966 |
| UK steel industry to be re-nationalised on 17:46 - Apr 12 by Nthsuffolkblue |
How did they suggest paying for it as a matter of interest since they are a party of low taxation and low spend? |
From the savings from benefits. |  | | |
| UK steel industry to be re-nationalised on 18:02 - Apr 12 with 2930 views | Coastalblue |
May have changed now as not seen the news today, but wasn't the suggestion just to take it in house until a buyer can be found? |  |
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| UK steel industry to be re-nationalised on 18:03 - Apr 12 with 2927 views | EdwardStone |
| UK steel industry to be re-nationalised on 18:00 - Apr 12 by Guthrum |
They can divert some of the ÂŁ350m per week from the Brexit hospitals dividend. |
If you factor in something for inflation, probably nearer ÂŁ400 mill per week
Brexit is the gift that just keeps giving |  | | |
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| UK steel industry to be re-nationalised on 19:57 - Apr 12 with 2750 views | LeoMuff |
| UK steel industry to be re-nationalised on 18:01 - Apr 12 by gtsb1966 |
From the savings from benefits. |
Lol |  |
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| UK steel industry to be re-nationalised on 19:58 - Apr 12 with 2751 views | Plums |
| UK steel industry to be re-nationalised on 17:40 - Apr 12 by J2BLUE |
Not confirmed yet is it? Just in government control for now?
Hopefully it will be the start of nationalising the railways and water. |
If they've got any sense they'll also do something about the energy 'market' too. Owning a steel works with the highest energy costs in Europe isn't really a great position from a commercial perspective. |  |
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| UK steel industry to be re-nationalised on 20:01 - Apr 12 with 2737 views | redrickstuhaart |
I think it was already halfway done by the time they had a say.
The last furnace went off at the end of September but the process had started in July. |  |
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| UK steel industry to be re-nationalised on 20:21 - Apr 12 with 2692 views | DJR |
The Bill doesn't confer power to renationalise British Steel but it does enable the government to make sure the plant is kept operational.
I wouldn't be surprised if renationalisation does follow, but new legislation will be required for that. |  | | |
| UK steel industry to be re-nationalised on 20:32 - Apr 12 with 2655 views | Ryorry |
| UK steel industry to be re-nationalised on 17:40 - Apr 12 by J2BLUE |
Not confirmed yet is it? Just in government control for now?
Hopefully it will be the start of nationalising the railways and water. |
Sorry, must admit I didn't realise that (also in reply to DJR).
Agree re rail and esp water. [Post edited 12 Apr 2025 20:34]
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| UK steel industry to be re-nationalised on 20:32 - Apr 12 with 2649 views | Nthsuffolkblue |
| UK steel industry to be re-nationalised on 18:00 - Apr 12 by Guthrum |
They can divert some of the ÂŁ350m per week from the Brexit hospitals dividend. |
To be fair on them, they did have a policy of defunding and selling off the "unaffordable" NHS so that is probably correct (without the need for the Brexit lie part of it). | |
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| UK steel industry to be re-nationalised on 20:34 - Apr 12 with 2658 views | blueasfook |
Before we begin celebrating, it's worth considering that Jingye wanted to close it down because it was losing ÂŁ700k a day. British steel production has been in decline for decades. There's a reason for that and that reason is its no longer economically viable to produce steel in the UK. So our govt have basically bought a white elephant and will presumably prop up the losses with taxpayers money.
But hey, nationalisation woop woop! |  |
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| UK steel industry to be re-nationalised on 20:37 - Apr 12 with 2614 views | Nthsuffolkblue |
| UK steel industry to be re-nationalised on 20:34 - Apr 12 by blueasfook |
Before we begin celebrating, it's worth considering that Jingye wanted to close it down because it was losing ÂŁ700k a day. British steel production has been in decline for decades. There's a reason for that and that reason is its no longer economically viable to produce steel in the UK. So our govt have basically bought a white elephant and will presumably prop up the losses with taxpayers money.
But hey, nationalisation woop woop! |
And the arguments about the importance of access to our own steel? | |
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| UK steel industry to be re-nationalised on 20:38 - Apr 12 with 2618 views | Ryorry |
| UK steel industry to be re-nationalised on 20:34 - Apr 12 by blueasfook |
Before we begin celebrating, it's worth considering that Jingye wanted to close it down because it was losing ÂŁ700k a day. British steel production has been in decline for decades. There's a reason for that and that reason is its no longer economically viable to produce steel in the UK. So our govt have basically bought a white elephant and will presumably prop up the losses with taxpayers money.
But hey, nationalisation woop woop! |
Heard a BBC docu (must have been 2+ yrs ago) explaining how it's a particular kind of quality steel that we really need which is important to make here in UK. Can't remember the details though. | |
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| UK steel industry to be re-nationalised on 20:39 - Apr 12 with 2602 views | Plums |
| UK steel industry to be re-nationalised on 20:34 - Apr 12 by blueasfook |
Before we begin celebrating, it's worth considering that Jingye wanted to close it down because it was losing ÂŁ700k a day. British steel production has been in decline for decades. There's a reason for that and that reason is its no longer economically viable to produce steel in the UK. So our govt have basically bought a white elephant and will presumably prop up the losses with taxpayers money.
But hey, nationalisation woop woop! |
There's something structurally wrong if we were to become the only G7 nation unable to produce its own steel. Fix the cause, not the symptom.
In such an unstable world, it's the only option - regardless of your ideological opposition to public ownership. | |
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| UK steel industry to be re-nationalised on 20:43 - Apr 12 with 2575 views | Nthsuffolkblue |
| UK steel industry to be re-nationalised on 20:38 - Apr 12 by Ryorry |
Heard a BBC docu (must have been 2+ yrs ago) explaining how it's a particular kind of quality steel that we really need which is important to make here in UK. Can't remember the details though. |
Materials science is a very important industry and steel is one of the most important materials within it. There are huge amounts of different alloys within the collective term "steel" and their quality can be especially critical in many situations. | |
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| UK steel industry to be re-nationalised on 20:43 - Apr 12 with 2575 views | blueasfook |
| UK steel industry to be re-nationalised on 20:38 - Apr 12 by Ryorry |
Heard a BBC docu (must have been 2+ yrs ago) explaining how it's a particular kind of quality steel that we really need which is important to make here in UK. Can't remember the details though. |
Not sure what that is? For example the high quality steel used in submarine pressure hulls can no longer be sourced in the UK and has to be sourced from abroad. | |
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| UK steel industry to be re-nationalised on 20:45 - Apr 12 with 2546 views | Nthsuffolkblue |
| UK steel industry to be re-nationalised on 20:43 - Apr 12 by blueasfook |
Not sure what that is? For example the high quality steel used in submarine pressure hulls can no longer be sourced in the UK and has to be sourced from abroad. |
I don't think that is making the argument that you seem to think it is. | |
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| UK steel industry to be re-nationalised on 08:34 - Apr 13 with 2169 views | DJR |
| UK steel industry to be re-nationalised on 20:34 - Apr 12 by blueasfook |
Before we begin celebrating, it's worth considering that Jingye wanted to close it down because it was losing ÂŁ700k a day. British steel production has been in decline for decades. There's a reason for that and that reason is its no longer economically viable to produce steel in the UK. So our govt have basically bought a white elephant and will presumably prop up the losses with taxpayers money.
But hey, nationalisation woop woop! |
They haven't bought anything yet, but will pay to keep it operational.
I imagine they would prefer not to nationalise, and will be hoping to reach some sort of deal or takeover in preference to nationalisation. | | | |
| UK steel industry to be re-nationalised on 09:11 - Apr 13 with 2075 views | Lord_Lucan |
| UK steel industry to be re-nationalised on 08:34 - Apr 13 by DJR |
They haven't bought anything yet, but will pay to keep it operational.
I imagine they would prefer not to nationalise, and will be hoping to reach some sort of deal or takeover in preference to nationalisation. |
The only real reason to nationalise steel is if it’s a monopoly IMHO - which it sort of is at the moment isn’t it.
Private ownership is completely different to overseas ownership.
Starmer did the correct thing and fair play to him for recalling parliament. Reliant on foreign steel is as bad as being reliant on foreign energy. You never know when you need to re arm. [Post edited 13 Apr 2025 9:13]
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| UK steel industry to be re-nationalised on 09:14 - Apr 13 with 2057 views | Guthrum |
| UK steel industry to be re-nationalised on 20:34 - Apr 12 by blueasfook |
Before we begin celebrating, it's worth considering that Jingye wanted to close it down because it was losing ÂŁ700k a day. British steel production has been in decline for decades. There's a reason for that and that reason is its no longer economically viable to produce steel in the UK. So our govt have basically bought a white elephant and will presumably prop up the losses with taxpayers money.
But hey, nationalisation woop woop! |
The key thing with Scunthorpe being that once the blast furnaces are allowed to go cold, they effectively can't be restarted. It's a resource gone forever, the only place in the UK currently where steel can be produced from raw iron ore (arc furnaces cannot do that). Hence the urgency to keep them operating, despite losses.
If we discard them, the country then has to subsist entirely upon imported slab steel. Probably from China. It's a Chinese company which owns Scunthorpe and wants to run it down. To paraphrase what British parliamentarians said during the debate, "Funny, that".
So, essentially, it's a strategic resource. Are we prepared to throw that away, at a time of increasing volatility in world trade? The fact that even the Green Party is in favour of preserving this very dirty process indicates how important everyone thinks it is (except the Conservatives, who don't want '80s/'90s privatisation to be seen as a mistake).
Who knows, with a bit of investment and marketing, perhaps those losses can be reduced? | |
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