UK seriously considering nationalising British steel

8 comments

1. But Grangemouth is in Scotland and it will somehow be different and no need nationalisation.

2. The justification here seems to be that it is strategically important to maintain steel making capacity in the UK, so it will be a case of whether the same strategic can be made for Grangemouth.

   Given Grangemouth has been largely wound down for years, and the Scottish Government was wanting it to move completely away from it’s previous oil-based operations in any case, that seems a much harder case to make here.

3. I mean, haven’t we seen this before and know how it ends.

   Starts off fine, then the Unions refuse to modernise because it’ll cost some jobs(and demand huge pay rises whilst already losing money), industry continues to lose even more money, then the whole thing collapses and all jobs are lost (after many taxpayer pounds)

4. Grangemouth is currently a pit of burning money and to modernize it to the point where it’d be economically viable would be a multi billion pound investment.

   Curret government spin is they have no money and thus we need another round of faux austerity. No way in hell would Starmer sound off on something like Grangemouth atm., not unless it could rake in massive taxpayer revenue.

   The steel mill is is something we cannot afford not to have while the refinery isn’t so i dunno what the point of your comparison is. If this refinery was in the south of England it’d still be going under.

5. Someone phone Rob Halford.

6. And how much are we going to be paying for it?

   Was sold for £2.5bn in 1988. (8.5bn in todays money)

7. Good shipyards next

8. Need it for when ww3 kicks off

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