LETTER: It is time to put UK firms first

UK Steel employs 20,000 highly skilled workers and contributes £2.1bn to the economy.

Friday, 8th April 2016, 12:05 pm
Updated Friday, 8th April 2016, 12:06 pm
Tata Steel

Since privatisation the steel industry has lurched from one crisis to another crisis because it is operating in an international market economy.

UK infrastructure projects should be built using UK Steel the country can ill afford further job losses in our manufacturing industry.

We now have China producing cheaper, perhaps more inferior quality steel, produced by low paid workers working in unsafe working conditions in order to power the authoritarian Chinese government.

In modernising the steel industry there should be a low tax regime for UK steel producers on profits, National Insurance and energy costs.

The trade liberalisation that the European Union imposes upon the UK economy should be stopped because it is bankrupting the UK nations and is actually creating unemployment in one of the commanding heights of the economy, in my view. The UK should leave the European Union and impose a 350 per cent tax rise on foreign steel. The steel industry can not compete with foreign producers who pay less wages than their UK equivalents. I say it is time to Back UK steel, not foreign steel.

Oliver Healey

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