British Steel to Be Nationalised, Saving Thousands of Jobs

Comments

• Barrington@feddit.org ⁨2⁩ ⁨weeks⁩ ago

  [deleted]

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  • ohulancutash@feddit.uk ⁨2⁩ ⁨weeks⁩ ago

    It’s not that blast furnaces were unsustainable, it was that no-one wanted to order their steel. Unlike arc furnaces, blast furnaces are destroyed by the act of turning them off. As the government wanted a UK source of steel for military strategic reasons (but not the steel itself while cheaper imports were available) they were paying to keep the furnaces idling at a cost of £400k per day.

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  • wewbull@feddit.uk ⁨2⁩ ⁨weeks⁩ ago

    So we’ve just bought a failing company? That doesn’t sound good.

    So I get that steel making might be a strategic national capability that we need to maintain, but is the government going to put the necessary investment into it? They seem incapable of investing in anything.

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• ohulancutash@feddit.uk ⁨2⁩ ⁨weeks⁩ ago

  This should be an argument for a minimum basic income, as these thousands of people are effectively being paid by the state to sit at home because British Steel has no orders on the books.

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  • Tiresia@slrpnk.net ⁨2⁩ ⁨weeks⁩ ago

    How about instead we force taxpayers to pay the shareholders of a failing company a hundred thousand pounds per worker whose job is being saved?

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