Brussels strikes again. The EU commission has decided to withhold the free carbon credits it gives to member states’ industries from the UK ‘until a Brexit withdrawal agreement is ratified’.
A UK government which had any capable negotiators would respond in kind by withholding the much bigger amount in membership fees we are still paying to Brussels every month, despite taxpayers having voted to leave the EU almost three years ago.
Taxpaying voters will get an opportunity on May 23 to let our incompetent government and the Brussels mafia know that they now support the Brexit Party which seeks a mandate to take over negotiations with the EU and leave on WTO terms in the meantime.
British Steel has said it is seeking further financial support from the government to help it address “Brexit-related issues”.
It follows reports the company needs another loan of up to £75m to keep trading in the coming months.
The move comes just two weeks after British Steel secured a £100m loan from the government to pay its EU carbon bill.
The UK’s second largest steel firm employs 4,500 people, and about 20,000 indirectly via its supply chain.
It added: “We are holding constructive discussions with our stakeholders on how to navigate them.
“Discussions are continuing about a package of additional support to assist the company address broader Brexit-related issues, whilst continuing with [the company’s] investment plans.”
A spokesperson for the the Department for Business, Energy and Industry Strategy said: “As this is speculation, we won’t be commenting.”
British Steel’s main plant is at Scunthorpe, but it also has sites in Teesside, Cumbria and North Yorkshire.
According to Sky News, in recent days the steel maker has met its lenders and the government to discuss another loan.
via Tallbloke’s Talkshop
May 15, 2019 at 02:51AM
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