That's what we get for corrupt governments selling off our essential assets to foreign powers ! The home of the industrial revolution can't even cast virgin steel for our own use soon ! Shamefully!
When the new SAP Payroll System became fully implemented across all of Tata Steel UK there were over 24,000 employees. Today, there are just over 6,000 ….. Yes, I recognise that in 2016 Long Products was ‘sold’ as British Steel (or should I say offloaded) to Greybull and c4,400 employees were transferred out, but that still represents a reduction of c14,000 jobs
So if tariffs are cut as is happening with America for lots of countries who are reducing tariffs to them some to zero now. Then If kier Stalin's mob cut them to zero too and it's reciprocated will we get the reduced savings passed on to us ?
Trumps tariffs have caused Oil prices to fall. This has caused Russian oil to be pushed even lower. There needs to be a price differential to make the risk vs the reward of cheaper oil worth it. It is getting to the point where these tariffs are hurting Russia badly. The international cap is $60 for Russian oil. The current price for Brent has fallen to $65. & it costs russia 50$ to get theirs out the ground + shipping.If it drops much more, they will be selling it for less than it cost or will have to stop pumping . And I believe we are still buying Russian oil via India? .and probably Iranian oil as well. Oil traders have no morals and no shame; provided the paperwork is correct (even if a downright lie) and the margins are right then they will buy from anywhere.
