Reynolds says on #BBCLauraK that the government will rescue Tata Steel
Tata Steel Limited, the direct parent company of Tata Steel UK Limited made £3 billion in EBITDA and £900 million in net profits in 2022/23.
Tata Steel Limited has reserves of £1.6 billion and has paid out dividends of £1.4 billion to shareholders between 2019 and 2023
But, we, the British Taxpayer, have to bail them out because they are THREATENING to close their plant at Port Talbot.
Well lets hope that the government step in and take this in to account, I think they are also worried about jobs in the supply chain too, as in those jobs that would also be lost if these plants shut, the knock on effect could see 1000's more job loses.
@zleap The area, I believe, is already economically surpressed.
I would be delighted to be corrected on this xxx
My criticism of Indian fascism - let's call it what it is - isn't British. It's international, left wing solidarity against fascism. I'm an equal opportunities wealth-disparity hater, hence my inclusion of the British version. Modi just represents a recent version of a very old and bad story.
@zleap
They can put probes on the moon but the Hindutva doctrine of karma means there is no point in trying to ease poverty because it was predestined. So those kids sleeping under the flyover in Gurgaon / Gurugram next to the shopping centre where the car park is bursting with Mercedes, just have to suck it up because... karma.
Of course in Britain our version of that is that if we make the billionaires richer then the poor will benefit.
Same end point.
@dnavinci @Geri