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    UK's third-largest steelworks collapses into government control
    United Kingdom

    UK’s third-largest steelworks collapses into government control

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    7 Comments

    1. Lumpy-Valuable-8050 on

      Good. UK should always be investing on making things in the UK for national security

    2. radiant_0wl on

      They have to be plans for consolidation.

      Government can’t accept the losses for long without a long-term plan for the nation’s steel sector.

    3. roddz on

      >The government has agreed to cover the ongoing wages and costs of the plant while a buyer for is sought.

      Why is the government covering wages and expenses if they’re not going to be taking over permanently?
      Once again nationalising the losses and privatising the profits

    4. GoldenHairedShaman on

      People not realising that it doesn’t matter whether it’s privately owned or nationalised, British private and public sector have absolutely failed to modernise and thus compete with the global market. Quite literally most things in manufacturing we’ve absolutely failed at restructuring: shipbuilding, heavy manufacturing, steelmaking, semiconductor manufacturing, public infrastructure and so on.

      We exceled at R&D throughout the 20th century, but almost completely failed at transitioning research into industry. Isn’t it sad and depressing seeing countries like Taiwan, South Korea, Japan, and the US build entire industries based off British research? Computer science was born and nurtured in Britain, and yet it’s the Americans, South Koreans, and the Japanese that excel at manufacturing software products.

      The Westminster system went obsolete 100 years ago, it quite simply cannot cope with industrial policy making that can compete with the rest of the world. It’s just decline, decline, and further decline.

    5. soft_cheese on

      Poor Nigel. Although I suppose he’s probably retired on a fat final salary pension by now.

    7. Correct-Junket-1346 on

      Expected to be honest, successive UK governments have curtailed UK manufacturing quite efficiently and made us wholly dependent on imports.

      Foolish and strategically unsound.