Link to this page: https://www.socialistparty.org.uk/issue/1043/29132
From The Socialist newspaper, 22 May 2019
British Steel threatened closure
photo Grubb (Creative Commons) (Click to enlarge)
The private steel producer could go under, threatening 5,000 jobs at its Scunthorpe and Teesside plants and a further 20,000 jobs in the supply chain.
British Steel received a £100 million government loan in April. Yet Greybull Capital - its profitable private equity owner - is threatening to pull the plug and liquidate British Steel unless the government coughs up another £30million.
Instead of subsidising big business, this important industry should be nationalised. In a positive move the Labour Party has publicly endorsed this demand. The Unite union should immediately campaign among its members at the threatened plants to fight to bring British Steel into public ownership.
More in a future issue.
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The coronavirus crisis has laid bare the class character of society in numerous ways. It is making clear to many that it is the working class that keeps society running, not the CEOs of major corporations.
The results of austerity have been graphically demonstrated as public services strain to cope with the crisis.
The government has now ripped up its 'austerity' mantra and turned to policies that not long ago were denounced as socialist. But after the corona crisis, it will try to make the working class pay for it, by trying to claw back what has been given.
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In The Socialist 22 May 2019:
International socialist news and analysis
What lies behind the US-China trade war?
Sri Lanka - Ten years after the brutal end of the war
Reject Alabama abortion ban
Labour's nationalisation plan: What policies are needed to avert climate catastrophe?
British Steel threatened closure
What we think
European elections expose deepening political crisis: Workers need a party of our own
Birmingham home carers victory
Probation workers celebrate case management renationalisation
Fantastic RMT London Underground victory
Woolwich ferry workers begin ten days of strike action
Morrisons workers reject pay offer
Unite young members' conference
Workplace news in brief
Socialist Party reports and campaigns
4 June - Walk out against Trump! Climate criminal not welcome
Domestic abuse accommodation: Tories shift - but safety is more than a bed
Haringey: Socialists' stance fully vindicated
Anger and frustration at the establishment
Lifting the mood
Socialist sales boost
Pouring cold water on the Riverside estate
Worcester Tories stonewall action on climate change
Day of action against cuts to special needs education
Opinion: socialists must link climate struggle to power of organised workers
The Socialist Inbox
The Socialist 22 May 2019 |
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