Posted on 12/18/2019 6:02:11 PM PST by Olog-hai
The UK Government retains a ‘golden share’ in Rolls Royce from when it was nationalised in the 1970s and then re-privatised in the 1980s, this gives the UK Government the right to veto decisions that are considered contrary to the British national interest, just as it does with the UK’s other main aerospace/defence company BAe Systems. They aren’t going to move production to India or China, even if they wanted to, which they wouldn’t, especially to China because it means they would lose a lot of far more lucrative defence contracts in the west, particularly in the American market.
The UK Government retains a ‘golden share’ in Rolls Royce from when it was nationalised in the 1970s and then re-privatised in the 1980s, this gives the UK Government the right to veto decisions that are considered contrary to the British national interest, just as it does with the UK’s other main aerospace/defence company BAe Systems. They aren’t going to move production to India or China, even if they wanted to, which they wouldn’t, especially to China because it means they would lose a lot of far more lucrative defence contracts in the west, particularly in the American market.
Ah, I see. Fascism. Let’s hope it works for them.
Fascism? What do you think the US government would do if Northrop Grummen announced it was going to move production to China? It wouldn’t happen, because the US government would not tolerate it.
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