British Steel

Britain PMs are busy this weekend after being called back to parliament for an emergency session. Seems they've got a really long path to the self sufficiency spoken of last week -- while at the JLR auto plant, a fully owned subsidiary of and Indian company which at least is part of the British Commonwealth for now. The emergency requiring a holiday callback, British Steel, Britain's only primary steel manufacturer, wants to close the factory. So what's the big problem there? British Steel despite its name is owned by the Chinese who bought it from the British government's insolvency service in 2020. This company closes up shop, aside from the British jobs lost the country loses its ability to make primary steel, a major necessity to bulk up their own military since the cousins across the pond can't be counted on to come to the rescue during war anymore as in past. This is another WTF were they thinking situation here, not quite as bad as the EU funding the Russian war machine with money from dependency on their fossil fuels, but still pretty bad considering China is in no way a Western ally. Showing a bit of smarts, Britain's parliament has decided to nationalize British Steel company and keep it running. Who owned British Steel before it was sold to the Chinese? A division of the same Indian company that owns the JLR auto plant.

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anonymous Political April 12, 2025 at 6:27 pm 0 0