Special Measures report with some information about assets and liabilities.
Edit: As of 31 December 2023, the company reported assets of £788 million and liabilities of £1.04 billion
The company is refusing to file their latest accounts, and risk being stricken off from Companies house.
Cockapoo-Cockatoo on
Beautiful, wonderful news. Next job is setting up new steel mills and securing new contracts both at home and abroad.
We could really bring back some good jobs in forgotten communities with this.
StreetCarp665 on
Why nationalise a Judas Priest record, it’s already a national treasure.
SpatulaWholesale on
Can’t wait for the next Reform PM to re-privatise it… smh.
Darkone539 on
We’re subsidizing this so much it might as well be public.
Changin_Rangin on
Is this not charging to the tax payer to prop up a failing company that’s not competitive on the market place? Isn’t that bad?
That’s a question, not a statement. We don’t do this for most businesses that are failing so why this one?
veirceb on
Dude I wish I could click into any post in any UK politics related sub and not see the comment section either full on jerking off to Keir Starmer or go full defensive mode and blame the whole world for ruining their glorious perfect PM. I wish I could click into the post and see people actually talk about the news instead. But what do I know
AverycoldGoose on
A great example of Labours comms problem. Should be a popular decision within the party. Ideally you have a minister give a speech outside the factory, get the union to send a large number of the workers to create a crowd. Throw in a few lines about holding bad business owners to account and force the press to cover it even if they’d rather not.
Instead you get this from them;
“A government spokesperson said: “We’ve been clear that safeguarding UK steel making is our priority. We’re continuing discussions with Jingye to agree a pragmatic and realistic solution to secure the long-term future of the Scunthorpe site. Discussions are ongoing and no conclusion or decision has yet been reached.” – just fire the spokesperson who came out with this. Even when they take a bold decision it’s like they’re ashamed to own it and try to sneak it out without anyone noticing.
9 commenti
Labour are doing well and no one gives a flying fuck
>However, by the end of January this year the cost of keeping British Steel running [had risen to £377m](https://www.theguardian.com/business/2026/mar/16/taxpayer-bill-for-saving-scunthorpe-steel-furnaces-could-top-15bn-by-2028-auditor-says), and could exceed £1.5bn by 2028 if it continues at its current rate, according to estimates from the National Audit Office.
Given it’s worthless they should be no compensation for the nationalisation.
Edit: https://researchbriefings.files.parliament.uk/documents/CBP-10278/CBP-10278.pdf? (Download link)
Special Measures report with some information about assets and liabilities.
Edit: As of 31 December 2023, the company reported assets of £788 million and liabilities of £1.04 billion
The company is refusing to file their latest accounts, and risk being stricken off from Companies house.
Beautiful, wonderful news. Next job is setting up new steel mills and securing new contracts both at home and abroad.
We could really bring back some good jobs in forgotten communities with this.
Why nationalise a Judas Priest record, it’s already a national treasure.
Can’t wait for the next Reform PM to re-privatise it… smh.
We’re subsidizing this so much it might as well be public.
Is this not charging to the tax payer to prop up a failing company that’s not competitive on the market place? Isn’t that bad?
That’s a question, not a statement. We don’t do this for most businesses that are failing so why this one?
Dude I wish I could click into any post in any UK politics related sub and not see the comment section either full on jerking off to Keir Starmer or go full defensive mode and blame the whole world for ruining their glorious perfect PM. I wish I could click into the post and see people actually talk about the news instead. But what do I know
A great example of Labours comms problem. Should be a popular decision within the party. Ideally you have a minister give a speech outside the factory, get the union to send a large number of the workers to create a crowd. Throw in a few lines about holding bad business owners to account and force the press to cover it even if they’d rather not.
Instead you get this from them;
“A government spokesperson said: “We’ve been clear that safeguarding UK steel making is our priority. We’re continuing discussions with Jingye to agree a pragmatic and realistic solution to secure the long-term future of the Scunthorpe site. Discussions are ongoing and no conclusion or decision has yet been reached.” – just fire the spokesperson who came out with this. Even when they take a bold decision it’s like they’re ashamed to own it and try to sneak it out without anyone noticing.