From the Daily Express
By MARCO GIANNANGELI
PUBLISHED: 00:01, Sun, Apr 10, 2016
BRITISH taxpayers have been forced to subsidise the very Chinese steel companies that are threatening 40,000 UK jobs, critics say.
It comes after revelations that the European Investment Bank has given so-called “soft loans” to China of £80million as part of a climate policy intended to lower emissions.
The astonishing figures include a loan of £40million to one of the world’s worst “steel dumping” culprits, the Wuhan Iron & Steel Corporation.
To add insult to injury Wuhun, the world’s eighth largest steel producer, boasts the Chinese state as its main shareholder. Wuhun is such a prolific steel dumper that it has now been especially targeted by the European Commission, which wants to slap it with 36.6 per cent tariffs.
Others asked whether Wuhan would have been in a position to dump steel so aggressively if their energy costs had been higher.
[…] https://tallbloke.wordpress.com/2016/04/10/eu-subsidises-the-chinese-steel-which-is-decimating-briti… […]
What on earth are the crazies in the EU doing,l leding Chinese companies money to improve efficiency. Madness.
We are truly governed by cretins – unbelievable! Trouble is, it isn’t unbelievable is it??
Australian voters are very excited to see the EU forcing Britain to subsidise the Chinese Wuhun Iron and Steel Corporation, which is decimating British industry, as this will bring a huge boost to the export of Coal and Iron from Australia to China. How British Steel makers and their 40,000 employees will view it is another matter.
Hi from Oz. Folks, I have a serious dilemma: When the EU day of reckoning comes, I want a ringside seat, but I can’t stand the sight of bleeding human flesh. On a serious note, this sort of revelation should help the ‘Leave’ vote!
“On a serious note, this sort of revelation should help the ‘Leave’ vote”
And well it might- but do you think it will be run on the BBC or the rest of the MSM?
Yes : LEAVE ,!!!!! Another good reason!