British Steel

[Axholme Lion]

Well done to everyone who stopped us leaving the EU in March enabling the EU to kick British Steel in the teeth with a massive emissions fine.

https://www.bbc.co.uk/news/business-48356186

I'll bet the people of Scunthorpe are really impressed with how the EU looks after deprived areas of Britain as you lot keep telling us.

[Glyn_Wigley]

If you think that's bad, just wait till No Deal WTO terms lets in cheap Chinese steel and completely finishes them off.

[Axholme Lion]

If you think that's bad, just wait till No Deal WTO terms lets in cheap Chinese steel and completely finishes them off.

So the EU emissions fine is ok by you then?

[Glyn_Wigley]

If you think that's bad, just wait till No Deal WTO terms lets in cheap Chinese steel and completely finishes them off.

So the EU emissions fine is ok by you then?

The EU are only applying the rules that we agreed to. If May had been competent enough to get Brexit through on the date she promised it wouldn't have been an issue. Besides which, if you actually read the article properly you'd know that no fine has been imposed at all.

The decimation of British Steel is OK by you then?

[Boomstick]

If you think that's bad, just wait till No Deal WTO terms lets in cheap Chinese steel and completely finishes them off.

So the EU emissions fine is ok by you then?

The EU are only applying the rules that we agreed to. If May had been competent enough to get Brexit through on the date she promised it wouldn't have been an issue. Besides which, if you actually read the article properly you'd know that no fine has been imposed at all.

The decimation of British Steel is OK by you then?

Who agreed to it?
When was the debate?
Was there a vote? And if so who voted and how?

We didn't agree to it, but its shafted us.
It's a national travesty that we are still in that corrupt club, and damn right abhorrent that we have to vote in it.

[Axholme Lion]

If you think that's bad, just wait till No Deal WTO terms lets in cheap Chinese steel and completely finishes them off.

So the EU emissions fine is ok by you then?

The EU are only applying the rules that we agreed to. If May had been competent enough to get Brexit through on the date she promised it wouldn't have been an issue. Besides which, if you actually read the article properly you'd know that no fine has been imposed at all.

The decimation of British Steel is OK by you then?

May is and always has been a remainer. If we had left the EU as we had voted for it we would have been ok. But don't worry yourself your friends in Germany are still producing steel.

[MachoMadness]

"British Steel's troubles have been linked to a slump in orders from European customers ‎due to uncertainty over the Brexit process.
The firm has also been struggling with the weakness of the pound since the EU referendum in June 2016 and the escalating trade US-China trade war."

Did you actually read the link you posted?

[Axholme Lion]

"British Steel's troubles have been linked to a slump in orders from European customers ‎due to uncertainty over the Brexit process.
The firm has also been struggling with the weakness of the pound since the EU referendum in June 2016 and the escalating trade US-China trade war."

Did you actually read the link you posted?

A slump in orders from Europe. They don't want to buy our steel but they're happy to fine us.

[BillyStubbsTears]

If you think that's bad, just wait till No Deal WTO terms lets in cheap Chinese steel and completely finishes them off.

So the EU emissions fine is ok by you then?

The EU are only applying the rules that we agreed to. If May had been competent enough to get Brexit through on the date she promised it wouldn't have been an issue. Besides which, if you actually read the article properly you'd know that no fine has been imposed at all.

The decimation of British Steel is OK by you then?

Who agreed to it?
When was the debate?
Was there a vote? And if so who voted and how?

We didn't agree to it, but its shafted us.
It's a national travesty that we are still in that corrupt club, and damn right abhorrent that we have to vote in it.

Read up on how the EU manages carbon credits, and how this company has mismanaged it, before you make a fool of yourself.

[big fat yorkshire pudding]

If you think that's bad, just wait till No Deal WTO terms lets in cheap Chinese steel and completely finishes them off.

So the EU emissions fine is ok by you then?

The EU are only applying the rules that we agreed to. If May had been competent enough to get Brexit through on the date she promised it wouldn't have been an issue. Besides which, if you actually read the article properly you'd know that no fine has been imposed at all.

The decimation of British Steel is OK by you then?

Who agreed to it?
When was the debate?
Was there a vote? And if so who voted and how?

We didn't agree to it, but its shafted us.
It's a national travesty that we are still in that corrupt club, and damn right abhorrent that we have to vote in it.

Read up on how the EU manages carbon credits, and how this company has mismanaged it, before you make a fool of yourself.

I'd suggest you dont trust the comments in the media before you make a fool of yourself.....

[BillyStubbsTears]

Asduming that you won't, cos you rarely do, I'll explain.

The EU gives companies carbon credits. They are fined if they produce more CO2 than they have credits to cover. If you have excess credits, you can sell them to other companies.

British Steel has consistently polluted at a lower level than its credits covered. So they acclimated a stack of credits.

A few months ago, they sold this glut for £138m. That's money. In the bank. Given to them by the EU for being a low polluter.

The reason for the current crisis is that, because we were supposed to be leaving the EU, British Steel wasn't allocated any credits for this year. But now we are still in, there's a temporary mismatch between BS's CO2 output and their credit position. So the Govt has given them a loan to cover the shortfall.

Grow up. The f**king lot of you. Have some pride in yourselves as adults and look into these issues yourselves, instead of recycling this shite, served up to you by devious, lying Kitsons with a political story to push. Your willingness to lap this up and regurgitate it is pitiful.

[Boomstick]

"British Steel's troubles have been linked to a slump in orders from European customers ‎due to uncertainty over the Brexit process.
The firm has also been struggling with the weakness of the pound since the EU referendum in June 2016 and the escalating trade US-China trade war."

Did you actually read the link you posted?

Travesty that we are still in the EU, causing the uncertainty that the article blames for the slump in orders.

Should have left along time ago.

[Boomstick]

Asduming that you won't, cos you rarely do, I'll explain.

The EU gives companies carbon credits. They are fined if they produce more CO2 than they have credits to cover. If you have excess credits, you can sell them to other companies.

British Steel has consistently polluted at a lower level than its credits covered. So they acclimated a stack of credits.

A few months ago, they sold this glut for £138m. That's money. In the bank. Given to them by the EU for being a low polluter.

The reason for the current crisis is that, because we were supposed to be leaving the EU, British Steel wasn't allocated any credits for this year. But now we are still in, there's a temporary mismatch between BS's CO2 output and their credit position. So the Govt has given them a loan to cover the shortfall.

Grow up. The f**king lot of you. Have some pride in yourselves as adults and look into these issues yourselves, instead of recycling this shite, served up to you by devious, lying Kitsons with a political story to push. Your willingness to lap this up and regurgitate it is pitiful.

Well, the EU have still crippled that company, which ever way you spin it.

Would our own government do the same? f**k no.

Let's get the f**k out of that corrupt club.

[BillyStubbsTears]

Our Tory government wouldn't cripple British heavy industry?

f**k me, we really ARE through the looking glass here aren't we?

But here we go again anyway. Brexiters scream out about a specific policy of the unfair and vindictive EU.

Specific policy is shown not to be unfair and vindictive.

Brexiters scream, "Don't care. The EU is still unfair and vindictive."

Over and over and over again.

[BillyStubbsTears]

If you think that's bad, just wait till No Deal WTO terms lets in cheap Chinese steel and completely finishes them off.

So the EU emissions fine is ok by you then?

The EU are only applying the rules that we agreed to. If May had been competent enough to get Brexit through on the date she promised it wouldn't have been an issue. Besides which, if you actually read the article properly you'd know that no fine has been imposed at all.

The decimation of British Steel is OK by you then?

Who agreed to it?
When was the debate?
Was there a vote? And if so who voted and how?

We didn't agree to it, but its shafted us.
It's a national travesty that we are still in that corrupt club, and damn right abhorrent that we have to vote in it.

Read up on how the EU manages carbon credits, and how this company has mismanaged it, before you make a fool of yourself.

I'd suggest you dont trust the comments in the media before you make a fool of yourself.....

Fair point. I withdraw the "mis-managed" comment. That is unfair and unjustified and I shouldn't have said it.

The wider point still stands though. It is not EU carbon pricing policy that has resulted in this awful situation.

[Boomstick]

Our Tory government wouldn't cripple British heavy industry?

f**k me, we really ARE through the looking glass here aren't we?

But here we go again anyway. Brexiters scream out about a specific policy of the unfair and vindictive EU.

Specific policy is shown not to be unfair and vindictive.

Brexiters scream, "Don't care. The EU is still unfair and vindictive."

Over and over and over again.

No they wouldn't cripple it for some bullshit carbon policy. There not that stupid.
The autocratic and undemocratic EU has done so though.
How many German companies has it done this to?

[Axholme Lion]

Our Tory government wouldn't cripple British heavy industry?

f**k me, we really ARE through the looking glass here aren't we?

But here we go again anyway. Brexiters scream out about a specific policy of the unfair and vindictive EU.

Specific policy is shown not to be unfair and vindictive.

Brexiters scream, "Don't care. The EU is still unfair and vindictive."

Over and over and over again.

No they wouldn't cripple it for some bullshit carbon policy. There not that stupid.
The autocratic and undemocratic EU has done so though.
How many German companies has it done this to?

FFS Carbon credits! What a load of shite.

[SydneyRover]

Our Tory government wouldn't cripple British heavy industry?

f**k me, we really ARE through the looking glass here aren't we?

But here we go again anyway. Brexiters scream out about a specific policy of the unfair and vindictive EU.

Specific policy is shown not to be unfair and vindictive.

Brexiters scream, "Don't care. The EU is still unfair and vindictive."

Over and over and over again.

No they wouldn't cripple it for some bullshit carbon policy. There not that stupid.
The autocratic and undemocratic EU has done so though.
How many German companies has it done this to?

Carbon credits are there to reduce pollution and avert a climate crisis, did you sleep through all the demos or just don't believe the science BS

[Boomstick]

Our Tory government wouldn't cripple British heavy industry?

f**k me, we really ARE through the looking glass here aren't we?

But here we go again anyway. Brexiters scream out about a specific policy of the unfair and vindictive EU.

Specific policy is shown not to be unfair and vindictive.

Brexiters scream, "Don't care. The EU is still unfair and vindictive."

Over and over and over again.

No they wouldn't cripple it for some bullshit carbon policy. There not that stupid.
The autocratic and undemocratic EU has done so though.
How many German companies has it done this to?

Carbon credits are there to reduce pollution and avert a climate crisis, did you sleep through all the demos or just don't believe the science BS

😂 I'm fully aware of the climate crisis, however do you think its worthwhile thousands of people losing their jobs by issuing a fine over some carbon credits, and destroying the British steel industry.
Effectively making us poorer and weaker?

Only the EU would think that's a good idea, but hey at least Germany is doing well for itself.

[MachoMadness]

Is the EU really responsible for that, or is this government responsible for that because they pissed 3 years of negotiations up the wall meaning we couldn't leave when we said we'd leave?

I know what the counter-point would be: leave means leave, should've left ages ago, just leave, blah blah blah. Which begs the question of why you think  ano-deal cliff-edge would be so much better for a company known to be in dire straits, when you yourself have admitted there will be an economic hit from any form of Brexit.

[SydneyRover]

Our Tory government wouldn't cripple British heavy industry?

f**k me, we really ARE through the looking glass here aren't we?

But here we go again anyway. Brexiters scream out about a specific policy of the unfair and vindictive EU.

Specific policy is shown not to be unfair and vindictive.

Brexiters scream, "Don't care. The EU is still unfair and vindictive."

Over and over and over again.

No they wouldn't cripple it for some bullshit carbon policy. There not that stupid.
The autocratic and undemocratic EU has done so though.
How many German companies has it done this to?

Carbon credits are there to reduce pollution and avert a climate crisis, did you sleep through all the demos or just don't believe the science BS

😂 I'm fully aware of the climate crisis, however do you think its worthwhile thousands of people losing their jobs by issuing a fine over some carbon credits, and destroying the British steel industry.
Effectively making us poorer and weaker?

Only the EU would think that's a good idea, but hey at least Germany is doing well for itself.

''What went wrong at British Steel?

Why the UK’s second-largest steelmaker has entered insolvency''

Not a fine a bill, BST is correct you should do your homework before spouting misinformation.

''For a start, propping up failing businesses goes against the Conservative party’s free market ethos unless absolutely unavoidable. Also, the government has already loaned the company £120m to help it pay an EU bill for its carbon emissions''

https://www.theguardian.com/business/2019/may/22/what-went-wrong-at-british-steel

[Boomstick]

Our Tory government wouldn't cripple British heavy industry?

f**k me, we really ARE through the looking glass here aren't we?

But here we go again anyway. Brexiters scream out about a specific policy of the unfair and vindictive EU.

Specific policy is shown not to be unfair and vindictive.

Brexiters scream, "Don't care. The EU is still unfair and vindictive."

Over and over and over again.

No they wouldn't cripple it for some bullshit carbon policy. There not that stupid.
The autocratic and undemocratic EU has done so though.
How many German companies has it done this to?

Carbon credits are there to reduce pollution and avert a climate crisis, did you sleep through all the demos or just don't believe the science BS

😂 I'm fully aware of the climate crisis, however do you think its worthwhile thousands of people losing their jobs by issuing a fine over some carbon credits, and destroying the British steel industry.
Effectively making us poorer and weaker?

Only the EU would think that's a good idea, but hey at least Germany is doing well for itself.

''What went wrong at British Steel?

Why the UK’s second-largest steelmaker has entered insolvency''

Not a fine a bill, BST is correct you should do your homework before spouting misinformation.

''For a start, propping up failing businesses goes against the Conservative party’s free market ethos unless absolutely unavoidable. Also, the government has already loaned the company £120m to help it pay an EU bill for its carbon emissions''

https://www.theguardian.com/business/2019/may/22/what-went-wrong-at-british-steel

What the hell you on about?
Youve just inadvertently proved my point 😂

Whether you call it a fine or a bill, it changes nothing. The outcome is the same!

[SydneyRover]

Our Tory government wouldn't cripple British heavy industry?

f**k me, we really ARE through the looking glass here aren't we?

But here we go again anyway. Brexiters scream out about a specific policy of the unfair and vindictive EU.

Specific policy is shown not to be unfair and vindictive.

Brexiters scream, "Don't care. The EU is still unfair and vindictive."

Over and over and over again.

No they wouldn't cripple it for some bullshit carbon policy. There not that stupid.
The autocratic and undemocratic EU has done so though.
How many German companies has it done this to?

Carbon credits are there to reduce pollution and avert a climate crisis, did you sleep through all the demos or just don't believe the science BS

😂 I'm fully aware of the climate crisis, however do you think its worthwhile thousands of people losing their jobs by issuing a fine over some carbon credits, and destroying the British steel industry.
Effectively making us poorer and weaker?

Only the EU would think that's a good idea, but hey at least Germany is doing well for itself.

''What went wrong at British Steel?

Why the UK’s second-largest steelmaker has entered insolvency''

Not a fine a bill, BST is correct you should do your homework before spouting misinformation.

''For a start, propping up failing businesses goes against the Conservative party’s free market ethos unless absolutely unavoidable. Also, the government has already loaned the company £120m to help it pay an EU bill for its carbon emissions''

https://www.theguardian.com/business/2019/may/22/what-went-wrong-at-british-steel

What the hell you on about?
Youve just inadvertently proved my point 😂

sigh

[Axholme Lion]

Our Tory government wouldn't cripple British heavy industry?

f**k me, we really ARE through the looking glass here aren't we?

But here we go again anyway. Brexiters scream out about a specific policy of the unfair and vindictive EU.

Specific policy is shown not to be unfair and vindictive.

Brexiters scream, "Don't care. The EU is still unfair and vindictive."

Over and over and over again.

No they wouldn't cripple it for some bullshit carbon policy. There not that stupid.
The autocratic and undemocratic EU has done so though.
How many German companies has it done this to?

Carbon credits are there to reduce pollution and avert a climate crisis, did you sleep through all the demos or just don't believe the science BS

😂 I'm fully aware of the climate crisis, however do you think its worthwhile thousands of people losing their jobs by issuing a fine over some carbon credits, and destroying the British steel industry.
Effectively making us poorer and weaker?

Only the EU would think that's a good idea, but hey at least Germany is doing well for itself.

There is no climate crisis.

https://real-agenda.com/piers-corbyn-man-made-climate-change-is-a-con/

[selby]

  It will be interesting if a couple of thousand steelworkers go and sit on a few bridges in London and have a couple of weeks having a leaving party.
  I bet that would be interpreted as a picket.

[Axholme Lion]

  It will be interesting if a couple of thousand steelworkers go and sit on a few bridges in London and have a couple of weeks having a leaving party.
  I bet that would be interpreted as a picket.

The OB would be down quick as you like with batons drawn. As far as the powers that be are concerned Frank from Scunthorpe can go and f off but it's dancing and skateboarding with Tarquin and Jemima and there climate chums.

[BillyStubbsTears]

Our Tory government wouldn't cripple British heavy industry?

f**k me, we really ARE through the looking glass here aren't we?

But here we go again anyway. Brexiters scream out about a specific policy of the unfair and vindictive EU.

Specific policy is shown not to be unfair and vindictive.

Brexiters scream, "Don't care. The EU is still unfair and vindictive."

Over and over and over again.

No they wouldn't cripple it for some bullshit carbon policy. There not that stupid.
The autocratic and undemocratic EU has done so though.
How many German companies has it done this to?

And the EU hasn't crippled the company because of carbon policy! That's the bloody point!

[wilts rover]

If only we had a leader like Farage who would protect and promote the British steel industry. Whats that you say, he voted AGAINST protecting the British steel industry...

https://www.independent.co.uk/news/uk/politics/nigel-farage-accused-of-hypocrisy-over-vote-against-eu-law-that-could-have-helped-british-steel-a6964476.html

[Herbert Anchovy]

As EU members, the U.K. government are severely restricted on any financial bail out that they can offer British Steel. Not that this government necessarily would bail them out; we all know the Tories have no real appetite for supporting heavy industry in the U.K.

Equally, renationalising is not simple either. EU rules dictate that a national government can’t take over the running, or put into public ownership, a loss making organisation, except in special circumstances.

So, while it’s easy to say supporters of the EU may indirectly have culpability, it could be argued that anyone who’s voted Tory bears most responsibility.

[SydneyRover]

Greybull Capital bought British Steel for £1 in 2016 from Tata Steel. tick

All the EU regulations regarding carbon credits were agreed to by UK and all countries within the EU abide by them, tick

Greybull would have been acutely aware of all these regulations and conditions when it purchased the company, tick

Greybull sold it's surplus CCs and it considered that even the most stupid of governments would be capable of dealing with Brexit in time for Greybull to receive it's next allocation before it had to buy more CCs, tick

The government is the most stupid of governments, tick

Trading conditions worsened around the world the pound has suffered and uncertainty surrounds brexit therefore Greybull found difficulty in gaining long term contracts, tick

Advice, avoid eating bread rolls with poppy seeds when attempting to join the dots it can play havoc with your logic simples, tick