Thought Id start this one going because its rather dead on this board at the moment and I suppose all my usual muckers are either at the Stella tennis event watching Dim Tim (lose again) or at Henly Regatta eating cucumber sandwiches (they wish,...NOT).

Anyway please feel free to just talk to yourself blast away and let it go on any company or subject you wish. Just wish Id thought of this one before.

cheers GF.

John McDonnell is right on Redcar.

You have to look a little further into the future when dealing with strategic assets.

A very long way into the future. Steel prices will stay low for a long time. There is far too much capacity.

Not so, Max.

The thing that's needed is to be able to buy steel at the right price as and when you need it.

If you own a plant like Redcar, what's the point if you can't sell what you make and yet you have to keep the plant up and running until 'god knows when' and the market picks up?

If there were signs that the market was going to pick up, then a buyer for Redcar would more easily appear on the horizon. But there aren't and so one hasn't.

And the cost of 2000 direct jobs, plus any number of support jobs will be?

What are the people of Redcar and surrounds to do for a crust?


As for when the market picks up....well, what about it? The plant wont exist...too late.

Short sighted...very!

The market has spoken. No one wants the plant. Presumably a buyer could have had it for peanuts and now probably free. Even then no one wants it. If no business can see a future in it then the government should scrap it.

The market talks the next five minutes, unless it has cast iron guarantees.

There is too much casino in the UK, not enough long term planning.


Think the latest nuclear power stations. Why do we need to go anywhere outside our own country? It still has the brains to design and build nuclear power stations, it was one of the first to do so.

Why the need for foreign investment when we can do it for ourselves?

What is the city of London for, Chinese investment?

steel
worldwide there is an over-supply of ore and steel facility, and there is no obvious sign of a recovery even within the next 12 months

so do you subsidise redcar and keep churning out yet more steel that no one wants to buy?

how long did it take corby to recover?
depending on where you set the start date (the nadir), then perhaps 10 years as the town was declared an enterprise zone ...... i don't know if such things exist any more

Max,

You are talking like a left-wing socialist!

Shut-up!


Tory neo-con economics are perfect.

MaxK
You say:

Think the latest nuclear power stations. Why do we need to go anywhere outside our own country? It still has the brains to design and build nuclear power stations, it was one of the first to do so.

Why the need for foreign investment when we can do it for ourselves?

What is the city of London for, Chinese investment?


You make some good points there, IMHO. Perhaps we'll get some kind of a trade off but I can't think what? Perhaps, it will be just be massive amounts of Chinese money being invested over here?

Look for the pockets!

there is always a quid pro quo in such deals

What exactly is that brown thing under the pan?

Or shouldn't I ask?

Max,

"Haystack Send an email to Haystack View Haystack's profile - 15 Oct 2015 20:30 - 63863 of 63869

The market has spoken. No one wants the plant. Presumably a buyer could have had it for peanuts and now probably free. Even then no one wants it. If no business can see a future in it then the government should scrap it. "

-=-=-==

The results of tory economics for 6 years of misdirection.

Austerity is King and rules.

They should have foreseen problems of the route they have been taking and planned for it.

(I am not saying that Market Forces do not apply, but are the Chinese going to buy up all the scrap. Market and economic forces can be regulated, controlled and modified.)

As you wrote "What is the city for?".

If the UK leaves the EU under Cameron the first to move out into the remaining EU will be the "City".


Do you fancy being a subject of Chinese or Russian financiers using the UK as a colony?

Hairy one,

Why do you ask?

Have you lost something?

Ron Chesney 89 years of age was stopped by the police around 2 a.m. and was
asked where he was going at that time of night .
Ron replied, "I'm on my way to a lecture about alcohol abuse and the effects
it has on the human body, as well as smoking and staying out late."

The officer asked, "Really? Who's giving that lecture at this time of night?"

Ron replied, "That would be my wife."

Interesting to watch the tory party's future leader.

http://www.unilad.co.uk/video/watch-boris-johnson-rugby-tackle-a-japanese-schoolboy-because-why-not/


Picking on somebody his own size.

Hils

The mind boggles. But, for urban dwellers everywhere, I would suppose this does have something to do with the origins of the expression, "I am fairly sure I got rat-arsed last night."

Cute G-Mail Trick (mostly used for getting multiple vouchers):

http://www.telegraph.co.uk/finance/personalfinance/money-saving-tips/11928711/The-Gmail-trick-that-gives-you-unlimited-one-per-person-vouchers.html