>Parliament is being recalled on Saturday to vote on emergency legislation that will bring British Steel under government control, No 10 has said.
>The bill will give the prime minister the power to “direct steel companies in England”, which No 10 will use to stop Jingye, the Chinese owners of the Scunthorpe site, from closing it.
>The government has been considering nationalising British Steel as the company has said it wants to shut the plant.
>The GMB union said the move looked like “the first step in the process” of nationalisation, saying it was the only way to save the UK steel industry.
>“The business secretary must be given huge praise for acting decisively to safeguard this vital industry and the thousands of jobs that rely on it,” the union said.
backfromthed34d on
I mean Judas Priest is pretty good but I don’t think they need parliament to weigh in.
WAGRAMWAGRAM on
There’s this narrative(at least in France) that foreign companies only invest in manufacturing as hostile takeovers, instead of the simplest answer that they are less affected by politics than local companies. And so are more willing to close sites.
affnn on
Hope they can get Rob Halford off his tour to give critical testimony.
5 Comments
>Parliament is being recalled on Saturday to vote on emergency legislation that will bring British Steel under government control, No 10 has said.
>The bill will give the prime minister the power to “direct steel companies in England”, which No 10 will use to stop Jingye, the Chinese owners of the Scunthorpe site, from closing it.
>The government has been considering nationalising British Steel as the company has said it wants to shut the plant.
>The GMB union said the move looked like “the first step in the process” of nationalisation, saying it was the only way to save the UK steel industry.
>“The business secretary must be given huge praise for acting decisively to safeguard this vital industry and the thousands of jobs that rely on it,” the union said.
I mean Judas Priest is pretty good but I don’t think they need parliament to weigh in.
There’s this narrative(at least in France) that foreign companies only invest in manufacturing as hostile takeovers, instead of the simplest answer that they are less affected by politics than local companies. And so are more willing to close sites.
Hope they can get Rob Halford off his tour to give critical testimony.
Boooooooo