NO NEW ATTEMPT TO SAVE BRITISH STEEL Update 24 Jan., 2019

UPDATE 24 Jan., 2019 -
Mirror reports that the Tory Gov. bought not even half the amount of Steel needed from UK.
One good news China cancelled all Nuclear Power Stations to be build in the UK by them. It is crazy, after all the Nuclear Power Station disasters and not only that but producing more Nuclear Waste which bound to end up in Oceans; let us not kid ourselves. 

UPDATE 22 Nov., 2016 --
There is no improvement especially since the new PM May signed contracts with China to build two nuclear power station which require 80,000 tonnes of steel. It certainly would have saved British Steel. No word on tackling Tata regarding the 'missing' £500million pension fund to be returned.  

UPDATE:  19 July, 2016 --

So far we have not heard any result. It could be due to the change of Government but it should be urgent since it concerns the jobs and livelihood of tens of thousands of people plus the 'lost' pension fund. Tata should be made to retrieve it. Over £500million do not fall off the desk by accident into the waste paper bin. Some greedy fat cats got hold of it and should be made to pay it back.

The meeting between business Secretary Sajid Javid  and Tata Steel it is hoped to save the British steel industry but he achieved nothing but a good pretence.

Tata's board are holding off their final decision of selling the British arm of their steel manufacturing which was caused by China flooding the market with low price steel.

The major point in all those talks and meetings is the pension pot of over £500million of pension paid by the steel workers has vanished. The Government is now bringing in a law to make the pension fund less onerous.

However, if that is the only answer the Government can give it is not good enough. The workers paid faithfully into the pension fund and for the Tata company it should have been their number one priority that the pension fund stayed untouched. Since it had vanished it should be Tata's responsibility to find it and put it back.  It is also the Government's  priority to make sure Tata does just that. These workers worked hard because steel producing is not an easy job and they wanted to make sure they have a financial free retirement which they deserved.

But as usual the Government is not concerned about the workers' welfare as long as they have their pot of fat which they have.

China has now promised to curb their production of steel by 10 per cent for the next two years. It is good news but the Government should have been there to act much earlier. It should have never come to that. Brussels also failed the people because whole Europe' steel industry nearly collapsed had it not for the countries to nationalise it which the Tory government refused to do.

Already, years ago, the warning light was flashing when SSI's steel plant in Redcar went into financial trouble.  The Government let it calmly go bankrupt and thousands of hard-working people lost their job. These people, were not just ordinary labourers but highly qualified and well paid workers. Where was the Government, always trumpeting caring about "hard-working people"? Apparently the statement is not even their worth of breath.

These workers were there for generation and worked hard every one of them especially in the earlier years when steel production was one of the most dangerous jobs because it was manually. All this did not meant anything to the Government who are swimming in fat as never before.

The reason why they did not nationalise it is because they would not have shares in the steel industry that is how callous they are.