When will they do the same for the water companies, and tell the shareholders who have been happy for the management to rob consumers to boost their dividends and share values to go F themselves?
My question was aimed at what was the broader context that led the UK government to issue an emergency recall of lawmakers to make this happen so quickly.
I assume, perhaps incorrectly, that the problems with British Steel have been a long time coming?
This historically happens in the lead-up to world wars. Large amounts of steel will be required for automotive companies to switch to building tanks and other military vehicles. It is probably also a factor that the company is Chinese owned. Imports will cease before things pop off.
He acknowledged that the emergency law was "pretty unprecedented", but said it meant there would be a future for steel in Britain and that it was in the national interest.
It's probably more about pandering to unions to keep an uneconomical plant running. What kind of national security concern the plant that is completely dependent on imported ore and coal actually addresses?
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