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Started by: Tommy Two Stroke (15433)

Ena

No they did not give TaTa half a billion quid, because in 2016 TaTa was threatening to put it's UK steel division into administration, and it was up for sale, they wanted the British Government to put some money into TaTa to save it, but the government explained that there were two reasons why that was not possible, firstly it was against EU rules and secondly it was against government policy to prop up failing businesses, because that just chucked good money after bad money, but the government said that they would do as much as they could to help any business wishing to buy TaTa Steel, under the existing laws as they were in 2016, because steel production in the UK was looked on as a strategic asset, so the offer was of loan guarantees and things like that, but as it turned out, and after the result of the referendum, TaTa Steel withdrew the UK steel company from sale, in order to see how Brexit would pan out.

In fact at the moment TaTa Steel wants £1.5billion quid from the UK government, and the government have offered them £300million, in 2016 they could not have given them the money, now the government can give them the money.

Did yoo get that too Cheshire Puss

Replied: 19th Jul 2023 at 17:33

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