6,000 Steel And Oil Jobs To Go

[naomi24]

Despite Labour's manifesto promise of £2.5bn to revitalise the UK steel industry.  Turns out the money was only for green projects.

 

https://www.bbc.co.uk/news/articles/c3rd512v77qo

 

Labour is full of nasty surprises.  How many more to come?  

[nicebloke1]

Labour don't support loss making businesses. Good move!!

[newmodarmy]

^so that rules out privatising the railways

[newmodarmy]

^.... rules out NATIONALISING the railways

[dave50]

I wonder what would have happened now if the pits were still open? Would they dare close them on the alter of the ridiculous net zero race?

[gulliver1]

Wrong again Naomi Brexit caused all this and Brexit was brought on by a Conservative Govt,,what a short memory you have.

[nicebloke1]

The railways get millions of people to work everyday. If that service crashed then thousands of businesses " WOULD" make losses on a grand scale. KS knows what to keep going and what to slash. And may I say without any self interest, unlike the con club.

[perseverer]

 

From the link.

"But the new government has taken a similar line to its predecessor by insisting that public money is only available to invest in new greener steel production facilities, rather than to subsidise large ongoing losses at carbon-intensive plants."

So what would the Tories have done?

[ToraToraTora]

They've been afflicted by the "net zero" cobras. They may well achieve it by making us all skint so we can't afford to emit carbon anyway.

[naomi24]

As far as I'm aware the Tories didn't make that pledge, perseverer.

[ToraToraTora]

12:50: "So what would the Tories have done?" - probably the same, sadly all our politicians are similarly afflicted. They seem to think that we can make a difference to the climate.

[naomi24]

Apart from thousands of people being unexpecedly thrown out of work, the point here is the pledge in the manifesto wasn't what Labour intended.

[nicebloke1]

Labour are investing in a new furnace in the part of thd steel works thats still in profit, the new furnace will increase the profits with lower running costs, the bonus if you like is greener. 

[nicebloke1]

Oh, the steel industry has been losing jobs for years due to cheap steel from China. So this pop at the Labour government is just doen right silly. Try to find something else that will hold up.

[chelle7272]

The tories were very keen on the net zero policy so they would have done no different.

[naomi24]

Possibly not - but they didn't make the pledge.  Labour, by telling only half a story - again - were less than honest.

[perseverer]

The job losses, sad as they are, were not unexpected.

There is a difference between revitalising, and propping up massively loss-making processes till they die anyway.

[nicebloke1]

Pledges and honesty? I dont think I'll even go down that road. :0) Good baiting material though :0)

[naomi24]

//Pledges and honesty? I dont think I'll even go down that road.//

 

Very wise, nicebloke.

[mushroom25]

// Labour are investing in a new furnace in the part of the steel works thats still in profit //

TATA announced that investment at the start of the year, so little if anything to do with Labour. plus the new furnaces are "electric arc", which process recycled steel rather than making new raw material. steelmaking using hydrogen on a commercially viable scale is years away, so what seems to be happening now is decarbonisation by slopey-shouldering carbon-heavy steel making to somewhere else.

[theshedman]

When we were in the EU we asked about help for keeping our steel plants open and they didn't want to know.  They said that there were steel plants in Holland and Germany that both had blast furnaces and they didn't want ours too.  Help for the ones in mainland Europe but not ours.  Typical EU.