O/T DDay for Brexit..well sort of...

[Grist_To_The_Mill]

Forgot to mention British Steel 5,000+ jobs 20,000 more subsidiary jobs.........good old EU as much use as a chocolate fireguard along with Greg Clark

You’ll get no help from the EU, in fact they have many rules that prevent Governments giving money to failing companies.

[Exiletyke]

You’ll get no help from the EU, in fact they have many rules that prevent Governments giving money to failing companies.

I know, so why be a member of a club that prevents you helping your own
Do any of these rules prevent helping the banking industry
We could have always nationalised British Steel like we did with Lloyds/RBS

[BigLadonOS]

In fairness you told me to look for the "1922 bill", none of these articles were pulled up by those keywords and others besides. I even tried "was Ireland part of Brexit referendum debates" and got little response. You obviously know where to look!

I just searched

1922 bill irish border before brexit vote 2016

And went from there pup.

[KerrAvon]

You’ll get no help from the EU, in fact they have many rules that prevent Governments giving money to failing companies.

The EU regulates state aid to businesses in order to prevent unfair competition within the Single Market and Customs Union. That isn’t a particularly good reason for leaving the EU, however, as WTO rules also limit state aid to business for the same reason. An example of that would be the Boeing/Airbus litigation that has been ongoing at the WTO for many years:

https://www.france24.com/en/20190409...ly-lawyers-win

[KerrAvon]

I know, so why be a member of a club that prevents you helping your own
Do any of these rules prevent helping the banking industry
We could have always nationalised British Steel like we did with Lloyds/RBS

The rules are aimed at ensuring fairness between the members of the club, which is hardly surprising if you stop and think about it. It wouldn’t really be fair for, say, German steelworkers to be expected to compete with subsidised British steelworkers within a single market.

To what end would you nationalise British Steel? The current owners bought the business for £1, which tells you that the former owners did not think it was a going concern. Would it be a good use of taxpayer’s money to keep a chronically failing business afloat? As animal pointed out yesterday in the context of Network Rail, nationalised businesses just love to spend taxpayer’s money. That’s money that could be spent on other things.

The British government secured the agreement of the EU for a package of support for Lloyds HBOS and RBS. That agreement required both banks to reconfigure to limit the competitive advantage they might gain. Lloyds HBOS had to demerge to create TSB, whilst RBS had to sell off part of their business to create Williams and Glyn’s. When RBS couldn’t find a buyer, they were required to give significant funding to ‘challenger banks’ instead.

[Grist_To_The_Mill]

Meanwhile countries producing steel that aren’t in the EU are sitting back and laughing, pumping out tonnes and tonnes of subsidised steel.

China in two years produced more steel tonnage than the whole of the last 150 years of steel production in the UK added together.

Like Man City v the Dog and Duck, except the Dog and Duck aren’t allowed to sign any new players

[KerrAvon]

Subject to the terms of any trade agreements, the EU has the power to impose tariffs upon steel imported from non members in order to protect the producers within its borders. If we leave, they will have the power to impose tariffs on UK steel and vice versa.

The WTO, in the meantime is an organisation committed to propagating free (i.e. non tariffed) trade. It made me laugh a couple of days ago when animal complained about the EU and globalisation whilst supporting a move to WTO rules...

[Exiletyke]

The rules are aimed at ensuring fairness between the members of the club, which is hardly surprising if you stop and think about it. It wouldn’t really be fair for, say, German steelworkers to be expected to compete with subsidised British steelworkers within a single market.

To what end would you nationalise British Steel? The current owners bought the business for £1, which tells you that the former owners did not think it was a going concern. Would it be a good use of taxpayer’s money to keep a chronically failing business afloat? As animal pointed out yesterday in the context of Network Rail, nationalised businesses just love to spend taxpayer’s money. That’s money that could be spent on other things.

The British government secured the agreement of the EU for a package of support for Lloyds HBOS and RBS. That agreement required both banks to reconfigure to limit the competitive advantage they might gain. Lloyds HBOS had to demerge to create TSB, whilst RBS had to sell off part of their business to create Williams and Glyn’s. When RBS couldn’t find a buyer, they were required to give significant funding to ‘challenger banks’ instead.

It's China that we are all competing with not UK v Germany & the EU would do well to remember that
Yes let's pay taxpayers money to probably the best part of 30,000 people [you know those people who would be thrown out of work] in unemployment benefits or we could spend taxpayers money on the DUP to support an ailing Tory party [that turned out well didn't it?] or we could continue to pay into the EU which we should have left 2 months ago, £1 billion a month ,or we could pay taxpayers money into the NHS £380 million a week the message on the side of the bus said £350 million a week which was & has been ridiculed ever since but the magic money tree comes up trumps again with even more money than the £350 million
You surely must have noticed how much money the Tories keep promising. More Police to combat growing knife crime More money into HS2 where the spend has grossly exceeded estimates now standing at £66 billion & we haven't laid a foot of track have we just so we can get from London to the north half an hour quicker;well for some Where's all this money coming from?
It's long long overdue that UK priorities changed
And just as a matter of interest "what other things"

Your short sightedness knows no bounds

[Exiletyke]

Subject to the terms of any trade agreements, the EU has the power to impose tariffs upon steel imported from non members in order to protect the producers within its borders. If we leave, they will have the power to impose tariffs on UK steel and vice versa.

The WTO, in the meantime is an organisation committed to propagating free (i.e. non tariffed) trade. It made me laugh a couple of days ago when animal complained about the EU and globalisation whilst supporting a move to WTO rules...

Bit like preferring the better option

[BigLadonOS]

The £350,000,000 was a battle cry for the leave campaign and rightly so. We have been throwing good money after bad for years and years on things like HS2 and the EU, London upgrades, More London upgrades and yet more London upgrades.

The Banks! We paid the banks debt off only to find that the big bosses of those banks were paying themselves huge bonuses for taking the banks in to debt. Even the government were banking offshore.

My opinion in 2016 and now is exactly the same, they can lie to me as much as they want as long as it got us out of that cesspit they call the EU.