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British Steel Scunthorpe now placed into Insolvency
Potential buyers for the business
are likely to be scarce given the difficult backdrop confronting the sector. The Scunthorpe site is a pivotal part of the UK's steel production capability, and its purchase from Tata Steel by the private investment firm Greybull Capital almost exactly three years ago was seen as a landmark moment in signalling investor confidence in the industry's prospects. https://news.sky.com/story/british-s...lapse-11719704 Will the Conservatives keep them going? |
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British Steel has not been allocated permits by the EU under its Carbon Emissions Trading Scheme (ETS). British steel have been refused the permits, despite the fact we're still paying in to the EU. So if anyone's to blame...
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That's assuming the Conservatives will keep them alive? |
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Yes a mess sadly |
From a Early
Radio 4 report Staff have noticed new yellow stickers going onto Steel rod stocks and Other Steel not a good sign.................... They are High Level talks in Parliament for 2 weeks. |
The Plant is due to find out
today if they get any more loans? Some staff are worried they will not get paid if it goes under...................... [Thousands of jobs at risk with British Steel on brink of collapse The UK's second-biggest steel producer will call in administrators on Wednesday without a £30m government loan.] https://news.sky.com/story/thousands...lapse-11725090 |
the government provided a loan to cover its carbon payments due to the EU. Tis is additional funding they require because their business simply isn't doing well. It's not British Steel from the past .... its a recently rebranded company taken the name .... it's harsh, but if they are not economically viable ... why should they get government support
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Some Good News for Workers
The Company has the funds to pay this months wages. The Government still has to say if they will lend £30million |
Sad News
Slim no help from anyone [British Steel insolvency places 25,000 jobs at risk A union calls for a focus on saving jobs as British Steel is placed into insolvency after failing to secure more taxpayer cash.] https://news.sky.com/story/british-s...-risk-11726024 |
It really is a shame.
But British Steel ceased to actually exist many years ago. |
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No , no help |
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That is very telling. |
If we left the EU on the 29th
The Government could save this Steel Plant. But sadly under current EU laws it s illegal to help them........................ |
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