18-01-2016, 10:14
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#17
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cf.mega poster
Join Date: Apr 2004
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Posts: 8,119
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Re: Here we go again - Port Talbot to axe 1,000 steel jobs
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Originally Posted by TheDaddy
Yes as stated we don't know how much it would cost for us to be able to provide the prerequisite grade but that's not the point the government has told us throughout due to the EU it wasn't possible for them to intervene, which seemingly is a lie
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Quote:
At first glance, the government is correct on this point. EU state aid rules do not allow aid such as emergency loans or government guarantees on loans to steel manufacturers in financial difficulties.
The European Commission says this is because of its past experience with steel, and taking into account the features of the EU steel industry - in particular. its overcapacity.
Governments are allowed to support things like research and development in the steel industry, but as soon as a plant is in financial difficulties, there are limitations on what can be done.
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Quote:
The government stresses the support that it has managed to get EU permission to give to energy-intensive industries, including steel, to compensate them for the extra costs of climate change policies.
The TUC says the scheme will give £60m to 53 firms this year. The government says it has paid £37m so far this year and expects to have paid £81m by the end of the year. That includes £34m going to steel companies
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And who added those extra costs?
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