Workers and taxpayers more generally are being asked to provide more assistance to TATA – in order to keep it in the country. A win for the company whichever way you look at it.
This from the Guardian:
Workforce willing to take a 10% benefit cut if government agrees to include their pension scheme into the public Pension Protection Fund
Source: Tata Steel workers agree to pension cuts to save 8,000 jobs
The Department for Work and Pensions revealed in late April 2017 that its loan to Nest (National Employment Savings Trust) will reach an expected peak of £1.22 billion in 2026. This figure is more than […]
In January 2017 Climate Change and Industry Minister Nick Hurd announced that the government would allocate £5 million to the Redcar Growth Zone to support the development of attractive commercial space in the town.The money […]
British steel 12/11/15 07:26 The British steel industry is arguing that corporate welfare provided by China is rigging the market. The UK government has accordingly promised additional support to the industry, although this will take […]
Copyright: Corporate Welfare Watch 2017