It is less than a decade since the UK spent billions of pounds bailing out the banks. So how much would it cost to bailout Tata Steel?Government ministers are meeting to try to tackle the British steel industry crisis,following Tata Steels whisk to sell off all of its UK operation. David Cameron says he is “not ruling anything out” – although he has suggested nationalisation is not the answer.
One question keeps being asked. whether we spent billions of pounds bailing out the banks, why can’t the state bail out the steel industry? Related: We bailed out the bankers. Welsh steelworkers deserve no less | Michael Sheen Continue reading...
Source: theguardian.com