With Tata Steel putting its Port Talbot steelworks up for sale and saying the value of its UK steel operations are “almost zero”, there are implications for taxpayers which our briefing note addresses.
The Steel Crisis Explained covers the following:
- Why is the UK industry failing?
- What’s going on in China?
- Could tariffs be a solution?
- We bailed out the banks. Why not steel?
- What can be done?
- Click here for the full briefing note
Jonathan Isaby, Chief Executive of the TaxPayers' Alliance, said:
"Having driven up energy costs through high energy taxes, some politicians are now desperate to come up with any solution, even toying with ineffective and unaffordable measures like a taxpayer-funded bailout. The focus should be on making the country a better location for business by cutting taxes and slashing energy costs, so that our manufacturers can have a fighting chance of surviving in an increasingly competitive global marketplace."
TPA spokesmen are available for live and pre-recorded broadcast interviews via 07795 084 113 (no texts)
1:00 AM 21, Jun 2017 Alex Wild
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