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EU Taxes & Regulations Killing UK Steel – Kate Hoey

March 30, 2016

By Paul Homewood

 

A Unite flag outside the Tata steel plant in Port Talbot, Wales, as the steel giant confirmed plans to sell its UK assets, threatening thousands of job cuts.

 

Labour MP Kate Hoey succinctly sums up the real problems facing the UK steel industry: 

 

The EU’s regulations on energy production are killing our steel industry.

The EU has sat on its hands and allowed China to dump cheap steel on European countries.

The European Union also ties the UK’s hands on state aid, preventing us from temporarily nationalising the industry under their inflexible single market competition rules.

This would allow Port Talbot to ride out the storm until steel prices recover and a new buyer is found.

 

http://news.sky.com/story/1669736/why-cameron-rejected-recall-over-steel-crisis

 

Kate is one of the very few MPs on either side who actually think for themselves. It is sad there are not many more.

11 Comments leave one →
  1. Terry permalink
    March 30, 2016 6:56 pm

    It is not EU taxes but British taxes that are killing the UK steel industry. Britain`s heaviest industrial power consumers paid 9.3p/kwh for electricity in the second half of 2014 compared to a EU average of 5p/kwh! (from EU energy data reported in the Wall Street Journal 7 October 2015). Britains green taxes are the reason. these taxes are completely ignored by the “green” uk press and also the alarmist politicians such as the British head of the OECD,who are quite prepared to see Tata close! All in the name of the climate hoax.

    Terri Jackson

    On Wed, Mar 30, 2016 at 7:39 PM, NOT A LOT OF PEOPLE KNOW THAT wrote:

    > Paul Homewood posted: “By Paul Homewood Labour MP Kate Hoey succinctly > sums up the real problems facing the UK steel industry: The EU’s > regulations on energy production are killing our steel industry. The EU has > sat on its hands and allo” >

  2. March 31, 2016 1:49 am

    SIGN SIGN SIGN – PASS IT ON!!
    As the steel debate intensifies let’s be clear reduction in energy charges for UK Steel and ALL manufacturing is required to save Steel and UK industry. This REQUIRES REPEAL OF the ClimateChangeAct which is a carbon-taxing Asset-strippers charter buttressed by EU deranged CO2 warmist antiScience.
    If you agree with the Climate-Change-Act which holds ‪#‎CO2‬ is a climate problem then you should support the call for ‪#‎TermiteWars‬. The UN-USA and allies must destroy termites because they produce 10x man’s CO2 equivalent. Man with industry produces 4% of world CO2 and termites about 40% CO2 eqivalent. The idea that man’s 4% rules nature’s 96% is a deranged religious belief with no scientific basis whatsoever.
    Where does the Green Party, Friends Of The Earth and GreenPeace stand? Do they back ‪#‎SaveOurSteel‬ and war on termites? Their policies MEAN DESTRUCTION OF UK INDUSTRY and if they are honest they should be lobbying the UN for war on termites.

  3. Pops permalink
    March 31, 2016 2:44 am

    One wonders if there isn’t a Chinese connection to alarmism through Maurice Strong – a subtle form of economic warfare. Maybe it will go away now that he’s gone…

    • March 31, 2016 3:58 am

      It’s a scenario to consider.
      News media failed, cos dogma should always be challenged.
      Green should not be given a free ride.

  4. March 31, 2016 6:53 am

    It’s noticeable that the BBC never mentions either high energy prices caused by green taxes etc or the effect of the EU in stopping any assistance or state aid.

    • March 31, 2016 8:40 am

      Its even worse than that, the BBC allow the “Green Energy” lobby to preach unchallenged. This morning on both R5 and R4 they allow a so-called independent consultant to tell us that the future was solar plus batteries, because solar is now so cheap, and batteries are just around the corner.

  5. Mike permalink
    March 31, 2016 8:39 am

    The British Aluminium industry is gone and will shortly be followed by steel. This will allow the green blob to continue with the illusion that renewable electricity works. Who knows, we may even be able to keep the lights on next winter with the reduced load following the demise of steel.

  6. March 31, 2016 8:49 am

    This UK steel issue is like feeding time at the zoo, everyone is tucking in as one would expect, but what really gets me is that the “Green” energy lobby is emerging almost totally unscathed.

    Tata must have been aware of the recent debate in parliament which declared its zealous climate orthodoxy by endorsing calls for a zero carbon energy target. No energy intensive industry would invest in such a country.

  7. johnmarshall permalink
    March 31, 2016 9:42 am

    A repeal of the CCA and leaving the EU would help the steel industry.
    Even as a Tory voter I would vote for Ms Hoey, the only Labour MP with common sense.

  8. SteveB permalink
    March 31, 2016 10:48 am

    EU taxes and regulations killing UK steel, yes, but …..

    “If we recycle more then we need fewer places that make our steel out of raw materials and more that recycle. Port Talbot is, like Scunthorpe and Redcar before it, a blast furnace site. We just need fewer blast furnaces.”

    http://www.forbes.com/sites/timworstall/2016/03/30/tatas-port-talbot-steel-plant-was-bankrupted-by-the-hippies/#40ca8eac303b

    So, either way, it’s the environmentalists that are largely to blame.

  9. A C Osborn permalink
    March 31, 2016 1:15 pm

    Paul, there are many interesting articles in the papers and there are quite a few issues.
    One of the biggest is the fact that Cameron & Osborne actually vetoed the EU implementing Tarrifs on the Chinese steel dumping to keep the Chinese cosy over their future Investments in the UK.
    What is less widely known is that the owner of Tata overstretched himself buying Corus, borrowing money at high interest rates to do so.
    When he tried to borrow money from the British Steel/Corus Pension Fund the workers refused, so he shut their pension fund to future employees decalring that there would be a future black hole as the reason, even though the company hadn’t made good any shortfalls.
    He has invested very little cash in the Plants, has not even put in his own management to oversee how the plants are run and they are not being run very well.
    There is no cash for spares, maintenance, improvements etc.
    UK business rates are too high, the UK Carbon Tax and Electricity prices are sky high.
    Port Talbot wanted their own Power Station, that was vetoed as well.
    It is a catalogue of errors and deliberate Governmnt policy all the way back to Maggie.

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