Why is it okay to bail out the banks but not okay to bail out manufacturing?
The UK's steel industry is collapsing and isn't getting much help.
Look at the pleb in pic related. He is helpless. He is a lower class fool. He can only do the same job his father, and his father's father, has done before him. He is brainless. Pathetic. Servile. He cannot learn anything knew. He is barely human. He should be murdered. He is the most wretched, putrid peace of scum I have ever seen. Why is it okay to put him out a job instead of paying a tiny bit extra in taxes to help keep him employed in a diverse economy of fellow comrades?
>http://www.theguardian.com/business/2015/oct/30/steel-crisis-caparo-cuts-452-jobsCaparo Industries has announced 452 job losses as 5 of its sites face immediate closure. In the wider UK steel industry, thousands of jobs have been lost in the last month. 1 in 6 steel jobs are now threatened.
Reasons given are low steel prices, high energy costs and the strong sterling making exports harder.
Caparo was founded in 1969 by Labour peer Lord Paul, and after the losses now employs 1,200 people.
The steel industry, unions, and Labour MPs have blamed Tory inaction for the collapsing steel industry.
Tory business secretary Sajid Javid has said there is little the UK can do to control steel price, the strength of sterling, or EU rules for state aid to industry, though he is still seeking to change the EU's mind to get them to allow state intervention, alleging that Chinese dumping is distorting the market.
The PM will pay backdated compensation for the high energy costs and Gideon will try ensuring that British steel is used where possible in domestic infrastructure projects e.g. rail upgrades.
