All Arguments for socialism subcategories:
Arguments for socialism keywords:
Nationalise Liberty Steel to save jobs
Liberty Steel, employing 5,000 workers, mainly located in Rotherham, has gone bust. The government has rejected a £170 million bailout demand from its tycoon boss Sanjeev Gupta.
The demise of the steelmaking company follows the collapse of its principal backer Greensill Capital. It's reported that former Tory PM David Cameron acted as a paid adviser to Greensill and had lobbied the chancellor Rishi Sunak for coronavirus support loans.
This mix of big business and leading Tories gets murkier. According to the Times: "Lex Greensill, the owner of the finance firm, enriched himself through a government backed loan scheme he designed after Cameron gave him access to eleven departments and agencies".
As the recent scandal of government-backed secretive PPE contracts has revealed, handing over government keys to big business is no historic anachronism but a commonplace.
The trade unions should demand nationalisation of the ailing steel company to save jobs and working-class communities, along with a public, independent workers' inquiry into the Greensill/government funding arrangements.
23 Jun Escalation needed
23 Jun YFFJ: more urgent than ever
23 Jun Iran's presidential election
Phone our national office on 020 8988 8777
Email: [email protected]
Locate your nearest Socialist Party branch Text your name and postcode to 07761 818 206
Regional Socialist Party organisers:
Eastern: 079 8202 1969
East Mids: 077 3797 8057
London: 075 4018 9052
North East: 078 4114 4890
North West 079 5437 6096
South West: 077 5979 6478
Southern: 078 3368 1910
Wales: 079 3539 1947
West Mids: 024 7655 5620
Yorkshire: 078 0983 9793