British Steel: Scunthorpe's uncertain future

British Steel: Scunthorpe's uncertain future - BBC Newsnight

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@Calleholio 5 жыл бұрын

They blamed the EU, but it's really the fault of the tory government by supporting service and financial sectors over the industrial sectors. They tories even redistribute EU money, which is meant for rural regions in the north, to the south. The Scottish Highlands suffered under this tory government the immensely.

@dannywinters4336 5 жыл бұрын

Scunthorpe voted to leave and now British Steel's customers are making order decisions based on no deal brexit

@dannywinters4336 5 жыл бұрын

@ATH Breas Not a globalist, just someone who has been made redundant, and knows the pain. I have a feeling that you are just trolling my friend

@Calleholio 5 жыл бұрын

@ATH Breas "globalist" aka 'I don't want to lose my job'

@lfcmarkeb7124 5 жыл бұрын

have a look at what happened to ebbw vale. over 200 years of iron and steel making

@Eltoca21 5 жыл бұрын

"I blame the uncertainty of brexit"... classic example of denial.

@uweinhamburg 5 жыл бұрын

Import tariffs for steel into the EU (over a basic amount) are 25%... And of course that would be the tariff for any export of UK steel to Europe after Brexit, in case there is any steel production left at that time.

@Dear_Mr._Isaiah_Deringer 5 жыл бұрын

No it's not. It's 1.7%. Only the US is being tariffed 25% in retaliation.

@uweinhamburg 5 жыл бұрын

@@Dear_Mr._Isaiah_Deringer Get your fact right..

@Dear_Mr._Isaiah_Deringer 5 жыл бұрын

ec.europa.eu/taxation_customs/dds2/taric/measures.jsp?Lang=en&SimDate=20190702&Area=&MeasType=&StartPub=&EndPub=&MeasText=&GoodsText=Steel&op=&Taric=&search_text=goods&textSearch=Steel&LangDescr=en&OrderNum=&Regulation=&measStartDat=&measEndDat=

@uweinhamburg 5 жыл бұрын

@@@QwadLuzr Economic and monetary policy is a job of the single states. The EU isn't determining everything it just sets some general guidelines and an outer framework like import tariffs. It's a bit hypocritical to claim the success of lest's say the London banking sector for the UK and blame everything that went wrong on the EU. Or no, not hypocritical - it's Brexit mentality. More and more i see Leavers prepare the myth of 'it's all Europes fault' for the moment Brexit will go horribly wrong.

@rangerofnorrath4277 5 жыл бұрын

Dear folks in Scunthorpe, During my travels in America, back in the year 1993, roughly, in the fall. 📅📆 ..🍁🍂🍃 I happened to wander through Pittsburgh, Pennsylvania. ...🚶 At that time, folks told me the steel mills shut down, a ghost town at the time. 😭 👻 Sad really, not many folks could stay there. 😞 Harvest festivals still resumed, but very small and local. 😊 Love from Michigan USA 💜 Peace ✌

@trevermcdonald2402 5 жыл бұрын

Hopefully with the cost of EU cars rocketing in price by 20% after Brexit, we will buy British made cars using British made steel.

@MrTomtomtest 5 жыл бұрын

What can you do about it ? How about not voting for something that would inevitably destroy our industries ?

@frankschneider6156 5 жыл бұрын

Gee ... Brexit has economic consequences ? Who would have thought ?

@frankschneider6156 5 жыл бұрын

@Fake News Sucks In principle is no tariffs a very good thing. This was the idea behind TTIP, that the EU was discussing with Obama. Mr. "America First" says TTIP is in principle a terrible thing, ripping the US off, , so this is exactly not what you'll get. What you'll get (if you get it), is whatever the US will dictate you. That's not a negotiation between equals. Of course such a deal would require the UK to adapt countless of its laws to the deal, but I guess, that's what "taking back control" means. Second, even if you would get it, certain parts of your economy are simply not competitive, when competing with the US, because they are lacking economies of scale (the primary sector). These industries will perish within a year of such an agreement. Again, this is in principle not a bad thing, because inefficient industries shouldn't be artificially kept alive forever. It's in principle e.g. a good thing that British Steel went under, if they are incapable of competing, just because Donald put a 25% tariff on their US exports. The question is, if the population sees this the same way, once the unemployment rate starts creeping towards the double digit number. The major problem here is, that the UK is a pretty tiny market (65m) compared to eg. the USA, India, China, Brazil the EU, Japan, Indonesia, Pakistan or even Mexico. This means that during negotiations, you have absolutely no leverage whatsoever, meaning you have to take, what the other side dictates you. The harder the Brexit, the more urgent the pressure to get ANY sort of trade deal, no matter what the cost and as fast as possible. Such deals typically take around 10 years. If one side needs it faster, they'll have to make concessions. And of course everybody knows it. You managed to put yourself into the worst negotiation position possible. BTW, the's actually what "taking back control" really means, instead of stearing the direction from within the EU, you'll become everybodies bitch. You already got a first taste of what this it looks like from India: Visa-free access to the UK for all Indians as a prerequisite to even start negotiating a trade-deal. This is actually one of the major drivers of the EU: creating leverage for trade negotiations. Who do you think gets better conditions in negotiations ? A 65m market or a 500m market ?

@frankschneider6156 5 жыл бұрын

@Fake News Sucks Well the US would of course also benefit, allthouhg less than the UK, as the target market (UK) is much smaller. But I mean that's the great thing about trade, everybody benefits, which is why tariffs and other trade-barriers are so horrendously stupid things. I don't think the Jaguar expectation is realistic. Jaguars are luxury cars, so the target group really doesn't care, if the price is a few thousand bucks more or less. If they'd want a Jaguar, they'd buy one anyhow. The problem here is rather, that cars produced in the UK, are designed to drive on the wrong side of the road, which means you need to have special export models which increases production costs. Anyhow, the number of Jaguars sold in the US shouldn't increase a lot. We indeed have a quite troubling rise of nationalism in Europe. Even the nationalists in the tiniest, least-developed dwarf country are convinced that their own perceived superiority is enough to take on the global heavy weights, which is of course irrational to not say dumb beyond believe. No country in Europe is able to do this successfully on it's own, neither Germany, nor the UK, nor France are sizeable enough for that, that's why the EU is essential. Obviously does the EU have several issues, e.g. when it comes to fast decision making, and this process certainly needs to be reformed. And some southern countries do indeed have some questionable policies, when it comes to economics, efficiency, incentivization and monetary stability, but well which country doesn't have issues that need to be solved ? I don't think that pride is worth anything. What's important is developing and offering innovative and attractively price products to customers. It's not so much about being proud and working hard till one drops dead (didn't help Japan a lot), but more about being being efficient and working smart and being innovative, which will or should result in providing a competitive advantage. Regarding India being irrelevant: their absolute growth is lower than that of China, but China's growth rates have been slowing down in the past years. 6% is still impressive (compared to the US, Europe or especially Japan), but far from the double digit numbers they had not too long ago. This means the Chinese market is slowly moving towards saturation and already highly contested, making a new entry quite costly, while India's growth rate (relative, not absolute) is already higher, and rather taking up speed. For additional, new growth, this will very soon become a more important market than China, so they ARE the future BTW, isn't Jaguar owned by an Indian conglomerate ? (Tata Motors).

@sandall7398 5 жыл бұрын

The people of Scunthorpe voted to destroy the working class jobs in the rest of Britain. You voted to lose your own jobs. It's the other people that voted to remain and will still lose their jobs because of you, that I feel sorry for.

@Nygaard2 5 жыл бұрын

Coal and steel was the first and most important reason the EU got formed. I blame the history teachers of the UK, they should have educated people better.