Join the Socialist Party Join us today!

Printable version Printable version

Facebook   Twitter

Link to this page: https://www.socialistparty.org.uk/issue/898/22646

From The Socialist newspaper, 20 April 2016

Treasury boss attacks call to nationalise Tata

Save our Steel lobby of parliament, photo Scott Jones

Save our Steel lobby of parliament, photo Scott Jones   (Click to enlarge)

The Treasury's former chief civil servant has attacked the call to nationalise Tata Steel.

Sir Nick Macpherson warned the state could make a loss on its 19 billion stake in the part-nationalised Royal Bank of Scotland when it sells it off.

The Socialist sees this as an argument not to sell, but rather take the bank's profits into public hands as well. Macpherson sees it as an argument against nationalising Tata to save 15,000 jobs.

The Financial Times calls him the "high priest of austerity". It's easy for the pro-EU Eton and Oxford graduate to preach pain for workers. His own secure tenure was worth a minimum of 185,000 a year.

Meanwhile, climate consultancy CE Delft reports that Tata has taken over 700 million in European Union carbon subsidies. It was the top UK recipient of handouts under the 'emissions trading scheme'.

The EU is happy to throw money at private owners to boost profits in lieu of action on climate change. But when the bosses threaten job cuts and asset stripping, EU rules oppose nationalisation.

The Socialist says: open the books! What happened to that 700 million? Defy the EU's anti-worker rules: nationalise Tata. Vote Leave to break up the EU's free-market treaties and institutions.

Why not click here to join the Socialist Party, or click here to donate to the Socialist Party.


In The Socialist 20 April 2016:


What we think

Strike together to kick out the Tories!


Socialist Party news and analysis

Clock ticking on UK steel: it's time to act!

Cops bid to hide spy trial

Treasury boss attacks call to nationalise Tata

Free runs threatened

Them & Us


Socialist Party reports and campaigns

Pent Valley students strike against closure

2,000 lay siege to A&E cutbacks consultation

Day of action against poverty pay: 10 now!


Elections 2016

Why I'm standing

Increasing anger at cuts boosts Grimsby campaign

TUSC objects to Liverpool political censorship


EU referendum

Jeremy Corbyn's EU u-turn

EU: bosses pick 'safe' reactionary out voice


Socialist Party feature

The socialist case for nationalisation


Socialist history

Ireland: 100 years since the 1916 Easter rising

Chernobyl nuclear disaster - 30 years on


Workplace news and analysis

Huge profits for BT and Royal Mail, cuts and attacks for workers

Stop supermarket bosses making us pay for their mistakes

PCS national elections: vote for Democracy Alliance

Review: 'On the Track' by Bill Mullins

Workplace news in brief


International socialist news and analysis

International news in brief


 

Home   |   The Socialist 20 April 2016   |   Join the Socialist Party

Subscribe   |   Donate   |   Audio  |   PDF  |   ebook






Related links:

Nationalise:

triangleRetail crunch: more giants on their knees - nationalise them now

triangle#NorthernFail: 250 rail services cancelled

triangleWelsh Labour reprivatises rail lines: reverse Tory sell-offs!

triangleEngland facing water shortage due to underinvestment

triangleSocialist nationalisation: what it is and why we need it

EU:

triangle'Vote Leave' fined: For a workers' Brexit

triangleThem & Us

triangleEU lets 200 refugees drown in three days

triangleDesperate divisions in Tories - Corbyn and unions must act

Socialist:

triangle250,000-strong human tide sweeps London against visit of bigoted billionaire Donald Trump

triangleCardiff Central Socialist Party: Is China capitalist?

triangleCaerphilly Socialist Party: Is human nature greedy?

Steel:

triangleNo to Trump's trade war

trianglePowerful picture of the Port Talbot steel workers' struggle

European Union:

triangleToxic air hits schools as EU ponders slap on wrist years late

Royal Bank of Scotland:

triangleRBS to sack 1,000: nationalise the banks

Carbon:

triangleCarbon dioxide hits 800,000-year high: end profit-driven pollution

Climate change:

triangleBritain bakes as water pipelines leak

News and socialist analysis

News and socialist analysis

18/7/18

Brexit

'Vote Leave' fined: For a workers' Brexit

16/7/18

Donald Trump

250,000-strong human tide sweeps London against visit of bigoted billionaire Donald Trump

11/7/18

Water

Britain bakes as water pipelines leak

11/7/18

Retail

600 more retail jobs on the line: workers must not pay for the bosses' high street crunch!

11/7/18

Them & Us

Them & Us

11/7/18

Universal Credit

Minister's benefits lie: sack the Tories - and scrap universal credit

10/7/18

The Socialist

Tories in crisis - Act now to get them out!

9/7/18

Tories

Walk Out against Trump and Tories

4/7/18

NSSN

NSSN conference 2018

4/7/18

Public services

Social care funding crisis: no to an age levy - make the super-rich pay

4/7/18

What we saw

What we saw

4/7/18

Them & Us

Them & us

4/7/18

State

British state complicit in torture and rendition: put Blair and Straw in the dock!

4/7/18

Refugees

EU lets 200 refugees drown in three days

4/7/18

Housing

Tories pledge three-year private tenancies: fight for rent caps and council homes

triangleMore News and socialist analysis articles...


Join the Socialist Party
Subscribe to Socialist Party publications
Donate to the Socialist Party
Socialist Party Facebook page
Socialist Party on Twitter
Visit us on Youtube

LATEST POSTS

CONTACT US

Phone our national office on 020 8988 8777

Email: info@socialistparty.org.uk

Locate your nearest Socialist Party branch Text your name and postcode to 07761 818 206

Regional Socialist Party organisers:

Eastern: 0798 202 1969

East Mids: 0773 797 8057

London: 020 8988 8786

North East: 0784 114 4890

North West 07769 611 320

South East: 020 8988 8777

South West: 07759 796 478

Southern: 07833 681910

Wales: 07935 391 947

West Mids: 02476 555 620

Yorkshire: 0114 264 6551

ABOUT US

ARCHIVE

Alphabetical listing


July 2018

June 2018

May 2018

April 2018

March 2018

February 2018

January 2018

2017

2016

2015

2014

2013

2012

2011

2010

2009

2008

2007

2006

2005

2004

2003

2002

2001

2000

1999