ThisisBigBrother.com - UK TV Forums

ThisisBigBrother.com - UK TV Forums (https://www.thisisbigbrother.com/forums/index.php)
-   Serious Debates & News (https://www.thisisbigbrother.com/forums/forumdisplay.php?f=61)
-   -   British Steel Scunthorpe now placed into Insolvency (https://www.thisisbigbrother.com/forums/showthread.php?t=356624)

arista 14-05-2019 12:49 PM

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?

The Slim Reaper 14-05-2019 12:50 PM

Quote:

Originally Posted by arista (Post 10546871)
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?

Socialism to the rescue again.

Livia 14-05-2019 12:58 PM

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...

arista 14-05-2019 01:03 PM

Quote:

Originally Posted by The Slim Reaper (Post 10546873)
Socialism to the rescue again.


That's assuming
the Conservatives will keep them alive?

arista 14-05-2019 01:04 PM

Quote:

Originally Posted by Livia (Post 10546882)
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...


Yes a mess
sadly

arista 17-05-2019 08:16 AM

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.

arista 21-05-2019 08:13 AM

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

bots 21-05-2019 08:33 AM

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

arista 21-05-2019 05:15 PM

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

arista 22-05-2019 10:00 AM

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

smudgie 22-05-2019 10:17 AM

It really is a shame.
But British Steel ceased to actually exist many years ago.

arista 22-05-2019 10:44 AM

Quote:

Originally Posted by The Slim Reaper (Post 10546873)
Socialism to the rescue again.


No , no help

bots 22-05-2019 10:47 AM

Quote:

Originally Posted by smudgie (Post 10557001)
It really is a shame.
But British Steel ceased to actually exist many years ago.

yeah it's not the same company. This is the company that an indian firm already sold for a song because it was unviable. The original British Steel went out of business because it wasn't viable and nothing has changed.

smudgie 22-05-2019 11:59 AM

Quote:

Originally Posted by bitontheslide (Post 10557020)
yeah it's not the same company. This is the company that an indian firm already sold for a song because it was unviable. The original British Steel went out of business because it wasn't viable and nothing has changed.

Tata sold it for a quid.
That is very telling.

arista 22-05-2019 06:24 PM

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........................


All times are GMT. The time now is 06:38 AM.

Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2025, vBulletin Solutions Inc.
User Alert System provided by Advanced User Tagging (Pro) - vBulletin Mods & Addons Copyright © 2025 DragonByte Technologies Ltd.