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31 March 2021

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Nationalise Liberty Steel to save jobs

Port Talbot steelworks, photo Grubb (Creative Commons)

Port Talbot steelworks, photo Grubb (Creative Commons)   (Click to enlarge)

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.

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The government has now ripped up its 'austerity' mantra and turned to policies that not long ago were denounced as socialist. But after the corona crisis, it will try to make the working class pay for it, by trying to claw back what has been given.

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In The Socialist 31 March 2021:


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Mobilise Liverpool workers to defy Tory commissioners and austerity

London - We need socialists into City Hall

Warning: Labour Party cutters - careful who you phone!


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Socialist analysis

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NHS pay: 15% now!


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Trade union fighters rally to support victimised workers

BT Openreach engineers step up the pressure with five-day strike action

Asda equal pay ruling victory - now fight for equal pay for all

SPS Technologies workers strike against potential pay loss of 3,000 a year

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Beal academy strikers demand equal sick pay

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Nationalise Liberty Steel to save jobs

British Gas workers strike ahead of 'fire and rehire' deadline


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Online rally - 150 years since the Paris Commune

Selling the Socialist

Donate now to fuel our election campaigns


Readers' opinion

Football abuse scandal: Reclaim the game for justice and democracy

Socialist Liverpool City Council inspired me

Women, violence and defiance

The Socialist Inbox


 

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Article dated 31 March 2021

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