Don't nationalise British Steel and Thames Water. Let them go bankrupt and repossess for free with no debts. - ThreadSky

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bladeofthes.bsky.social • 8 days ago

Don't nationalise British Steel and Thames Water.

Let them go bankrupt and repossess for free with no debts.

Comments

christhomas7.bsky.social•7 days ago

Just take 'em & lock the doors to the courtroom when they complain, simple.

artnich54.bsky.social•7 days ago

Absolutely!!! This is THE UK Gov and English badge of Govt failure. A day one, easy, vote winning, reputation setting win for any incoming Party……. Labour chose to ignore it, they still do.

barheys.bsky.social•7 days ago

Right answer ……….

Exactly what needs to happen.

poodle19631.bsky.social•7 days ago

Then all the businesses that are owed money by them will also go under too. Nationalise them overnight and if they complain, tough shit.

trackteddy.bsky.social•8 days ago

Blast furnace will be sabotaged so that can’t happen. There are still huge liabilities even if they didn’t bust. Likely hundreds of millions needed to decontaminate the site.

praisethe-sun.bsky.social•8 days ago

Now that's thinking with free markets. Love it.

peashen.bsky.social•8 days ago

Great idea

mark-a-e.bsky.social•8 days ago

Problem being if the blast furnaces go cold they are useless

t4yorkshire.bsky.social•8 days ago

A Court can put them into administration. No need let them go cold

mark-a-e.bsky.social•7 days ago

But you still need the iron ore to keep them at temperature. Teeside was let down by the Tory government and shut down. Primary steel production is the cornerstone of defence

t4yorkshire.bsky.social•7 days ago

Suspect that you have been misled as to the role of an administrator.. link may help clarify https://blackstonesolicitorsltd.co.uk/category/blog/what-do-administrators-do-when-a-company-goes-into-administration/

mark-a-e.bsky.social•5 days ago

If a company defaults it can be renationalised

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