Putting aside the free market logic to the demise of PT, are there not arguemnts where market intervention should be considered?
- when the industry represents a strategic asset/skill set that is in the National interest to retain
- when the market is being artifically manipulated to remove competition with a view to future price increases when the competition is gone
- when the UK, as part of a larger trading block, should consider tarrifs to advantage block suppliers over Chinese ones. Isn't this what the US did to protect its interests:
U.S. Calls for 256% Tariff on Imports of Steel From China ?
Are we sure our Government are taking these into due consideration?