The steel debacle

Thanks, ww. I looked it up too. My brother used to work for them until he had his crash at age 26.

Why shouldn't a large accountancy firm earn some money doing deals? It's what they're for, isn't it? It's not a sin for them to do what is their reason for existing. Nor is it a sin for governments to ask them to do such deals.

Yes, it's a debacle, but I'm not convinced it was avoidable given the state of the world steel market. I'm happy to be convinced by a good argument, as always.

Only last week the givernment asked that British steel be bought for building of schools, hospitals etc. Rather late but they have to protect China

What really annoys OH is that he can't buy British Steel and is only offered inferior Chinese. He would happily pay more but no one seems to stock it, perhaps it is just because he is only buying relatively small amounts. He really gets upset at the quality of steel he has to work with as he makes precision tools.

Price Waterhouse Cooper - one of the 4 largest accountancy companies in the UK, and in line to administer the wind up of the steel company, from which they will make a very good little earner.

Er... what has that to do with the current steel industry issues?

It would help, perhaps, if I knew what PWC stood for. I'll go and look it up.

On another thread we are talking about tax avoidance, and PWC we hear is manufacturing tax avoidance schemes on an industrial scale, they are also in the frame to administer the wind up of the Tata operation.

So where did Cameron hold his latest "let's chat about the lovely EU" question and answer sessions? Why none other than PWC offices. Dear oh dear.

Not so incompetent when looked at from this point of view which I'm posting out of a genuine wish to understand the problem(s) facing government and the steel industry in Britain.

I don't think it's as clear cut as a complete piss up in a brewery is all I'm saying. Very little in politics as that simple.