Home » Posts tagged 'British Steel in administration'
Tag Archives: British Steel in administration
Day 1040 of Theresa May’s premiership: No Brexit & British Steel needs millions to stay afloat
At Day 1040 of Theresa May’s premiership there’s still no Brexit; Two firm Brexit dates have been missed; UK Members of the European Parliament (MEP’s) are therefore required to run in the EU Parliament elections which will conclude on Sunday, May 26th; And The Brexit Party are running far ahead in the polls and seem to be gathering momentum as they go.
Conservative and Labour politicians are in full-on panic mode as The Brexit Party advances daily in the polls with 34% support, Labour fell to 21% and the Conservatives are down to 11% support among UK voters. That’s barely double-digit support there Conservatives! By the weekend Conservatives may well have fallen to single-digits in the polls.
Polls are polls of course, and are irrelevant most of the time; However, with the EU Parliament elections only days away it behooves UK political parties to pay attention to such large swings in voter preference.
Fortunately for UK Conservatives, the upcoming election relates to European Parliament seats only and not UK House of Commons seats, otherwise, Conservative MP’s might be jumping out windows en masse. Yet in the absence of delivering a proper Brexit, that may still occur at the next General Election.
Imagine if the Conservatives fail to deliver a reasonable Brexit by 2021 and lose their majority in the House of Commons (and, such has occurred in Canada when the majority Progressive Conservative government lost every one of their seats across the country, except for two) and The Brexit Party won 350-seats, while Labour and the Liberal Democrats split the rest, and the Conservatives won only two seats!
‘You got what you deserved for not delivering Brexit,’ every UK voter would say after the Conservative Prime Minister emphatically promised Brexit more than 100-times. I believe that even Remainers would blame the Conservatives in this manner, should they fail to deliver a timely (too late for that!) and fair Brexit.
Here’s an excerpt from BBC describing Theresa May’s last ‘Hail Mary pass’ from deep in her own zone with little chance of a pass completion written all over it and barely any time left on the scoreboard.
“Theresa May has said MPs have “one last chance” to deliver Brexit, urging them to back what she called a “new deal”.
MPs will get a vote on whether to hold another referendum if they back the EU Withdrawal Agreement Bill, she said.
The bill also contains new guarantees on workers’ rights, environmental protections and the Northern Irish border, as well a customs “compromise”.
Labour said it was a “rehash” of existing plans and Tory Brexiteers took to social media to vent their anger.
Jacob Rees-Mogg said what was on offer was “worse than before”, while Boris Johnson said the proposals contravened the party’s 2017 general election manifesto, which ruled out the UK remaining in a customs union with the EU.
He tweeted: “We can and must do better and deliver what the people voted for.” — BBC
British Steel says 3-years of Economic Uncertainty have put it near the Brink
Three years of economic uncertainty due to the obscenely long Brexit negotiation process have created real hardship for British Steel.
First, they couldn’t pay their £100m EU carbon bill and were forced to borrow the money from the UK government, now they need £75m to continue operations or they may become insolvent, thereby putting thousands of people out of work.
That’s just the cost to one UK company as a result of the unnecessarily long Brexit negotiations. Expect more large UK companies to approach the government in the coming weeks and months to help them meet expenses after suffering losses in the millions of pounds due to the overly long Brexit negotiations.
BBC Business weighs in:
“The future of 5,000 British Steel workers remains uncertain as its owners continue to lobby for government backing.
The UK’s second-biggest steel maker had been trying to secure £75m in financial support to help it to address “Brexit-related issues”.
If the firm does not get the money it would put 5,000 jobs at risk and endanger 20,000 in the supply chain.”– BBC Business
It seems patently obvious that the overly extended Brexit period of economic uncertainty have cost UK businesses dearly, and that this is the beginning of more such requests. With the House of Commons paralysed by Brexit, it may take The Brexit Party stepping in to solve the self-made Brexit problem that UK Conservatives face.