British Steel was not nationalised by the Steel Industry (Special Measures) Bill 2025. So all those Labour MPs on the Tw*ttersphere claiming to have ‘saved British steel’ have done nothing on the sort. This point was raised by several MPs in the debate: David Davis (Con), Graham Stuart (Con), Richard Tice (Reform), Dame Meg Hillier (Lab), Samantha Niblett (Lab) and Ed Davey (Lib Dem). All the Bill does is keep the blast furnaces going – if they can get coking coal and iron ore. Several Opposition amendments to the Bill were rejected by The Lords. The incompetent government is taking over managing the plant. Expect it to be closed by Friday and Parliament will not be recalled for an Easter sitting.
Deloitte this morning released its closely-watched Q1 2025 CFO survey of 67 CFOs of companies with a combined UK market value of £427 billion. Conducted between 18 and 31 March, the results paint an increasingly shaky picture: CFOs expect the sharpest decline in corporate hiring since Q3 2020 over the next twelve months. Wage growth expected to slow from 3.6% to 3%. A net 30% say UK corporate capital expenditure will fall over the next 12 months. 58% say there will be a decline in discretionary spending. 63% say cost control now a ‘strong priority’ for their business. Second-highest on record… Risk appetite down – 12% report that now is a good time to take on more risk. Less than half the long-term average of 25%… A net 63% believe operating costs will increase over the next 12 months. A net 35% expect to see an increase in revenues. Inflation expectations up to 3.1% for next year from 2.5% https://order-order.com/2025/04/14/uk-businesses-to-cut-hiring-and-control-costs-at-record-rate/
Buggery Bollocks Boris Brexit. Then again, it's no coincidence that Labour are pushing for the exact same scam.
