National News Liberty Steel

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Are you happy for a owners of a company to pocket the profits in the good years and for the government to cover the losses in the bad ones?

BBC News - Liberty Steel boss asks government for £170m bailout
 
Are you happy for a owners of a company to pocket the profits in the good years and for the government to cover the losses in the bad ones?

BBC News - Liberty Steel boss asks government for £170m bailout

Well at least HMG appear to have done some due diligence rather than face the "bunging your mates millions" accusations.

"Government sources also indicated that it was unlikely government support would be offered to the company with its current structure and management - with any assistance likely to come after an administration process."

If parts of the business are a viable, specialist & high tec UK operation I would have no issue with it being nationalised in some form.

Something we can easily do outside of the EU. ;)
 

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