TaTa Industries of India is always in the market for British colonial companies. They bought Jaguar and Land Rover.
blame gloBULL warming rules and regulations. they’ll kill heavy industry every time. these payment never end.
BBC’s original headline for the following was simply “British Steel on verge of administration” but MSM is jumping on the nationalisation bandwagon today:
21 May: BBC: British Steel should be nationalised, urges Labour
In April, British Steel borrowed £100m from the government to enable it to pay an EU carbon bill, so it could avoid a steep fine…
However, having already lent £100m to cover a genuinely Brexit-related carbon emissions bill – further assistance to a private company struggling in a deeply challenged industry may be a precedent they would rather not set…
https://www.bbc.com/news/business-48347371?intlink_from_url=&;
21 May: Daily Mail: Battle to save 25,000 jobs at British Steel...
In April, British Steel secured a £100million loan from the government to pay its EU carbon bill and avoid a hefty fine.
The bloc’s trading rules mean industrial polluters can pay for their previous year’s emissions using carbon credits. Companies can also trade their credits to raise cash.
The EU suspended UK businesses’ access to free carbon permits – alowing the emission of 1,000kg of CO2 – until the ratification of a Brexit deal…
https://www.dailymail.co.uk/news/article-7056257/Battle-save-25-000-jobs-British-Steel.html
The Tatas date to the 1840s - old family conglomerate