- Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
- Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
no mention of British Steel yet?
Collapse
X
-
-
-
Originally posted by Lance View Post
Meyohas, the son of a wealthy French corporate lawyer, and Goldstein have charged £33.8m in interest on loans their private equity fund Greybull Capital made to British Steel at a rate of 9.6%, according to filings at Companies House.
The money was loaned via a Greybull business registered in the tax haven of Jersey.The pair, who run their investment fund from offices above a Jimmy Choo store on Sloane Street, around the corner from Harrods in central London, have also charged British Steel £6m in “management fees” since they took control of the Scunthorpe works in 2016.
.
.
A spokeswoman for Greybull said the £250,000-a-month management fees charged to British Steel were for “extensive” services “charged at a significant discount to normal market rates”..Comment
-
But, but, but...
The Government has been accused of “failing to protect” British steel by blocking EU plans to impose tougher sanctions on “aggressive” Chinese steel dumping while the industry stands on the brink of collapse.
EU Council working party papers seen show the UK is one of 14 countries that, as early as 2014, were seeking to block the EU from axing the so-called “lesser duty” rule, which could allow increased tariffs to be placed on cheap imports.
Business Secretary Sajid Javid called on the EU in February to use “every means available” against steel dumping in a letter to the European Commission which was also signed by seven other EU business ministers.
But he later went on to say it would not be right for the EU to scrap the “lesser duty” regulations, which some countries want to end in order to allow higher tariffs on Chinese steel. The US, which has scrapped the rule, is suggesting tariffs of more than 200 per cent on some products.
The long-standing bid by Brussels to raise tariffs is seen as pouring cold water on claims by Ukip’s Nigel Farage that EU membership is a major factor behind the "massacre" of Britain's steel industry.
...
Dominic King, head of policy at UK Steel, said: “It is galling that the UK Government has not taken action itself and has continued to block these changes in the EU – leaving the steel industry on its knees. Government must support the lifting of the lesser duty rule, otherwise steel manufacturing will be lost in the UK and Europe.”
“Brexit is having a wee in the middle of the room at a house party because nobody is talking to you, and then complaining about the smell.”Comment
-
-
No mention of KUATB yet?
https://www.contractoruk.com/forums/...it-issues.html
An excellent thread from AtW - he definitely deserves rep for that.Comment
-
Personally I feel sure this is to do with delay to Brexit. No-one in Europe will do business with UK steel due to uncertainty.
UK keeps buying EU steel. Protectionist measures needed.
Maybe the UK should join the USA and let that nice Mr Trump do what the UK does not have the backbone to do....Comment
-
-
Comment
-
and as huge swathes of British industry close down, Farage is still banging on about project fear not happening.
Just wait until full on Hard Brexit hits on 1st November.
I'm alright JackComment
- Home
- News & Features
- First Timers
- IR35 / S660 / BN66
- Employee Benefit Trusts
- Agency Workers Regulations
- MSC Legislation
- Limited Companies
- Dividends
- Umbrella Company
- VAT / Flat Rate VAT
- Job News & Guides
- Money News & Guides
- Guide to Contracts
- Successful Contracting
- Contracting Overseas
- Contractor Calculators
- MVL
- Contractor Expenses
Advertisers
Contractor Services
CUK News
- Streamline Your Retirement with iSIPP: A Solution for Contractor Pensions Sep 1 09:13
- Making the most of pension lump sums: overview for contractors Sep 1 08:36
- Umbrella company tribunal cases are opening up; are your wages subject to unlawful deductions, too? Aug 31 08:38
- Contractors, relabelling 'labour' as 'services' to appear 'fully contracted out' won't dupe IR35 inspectors Aug 31 08:30
- How often does HMRC check tax returns? Aug 30 08:27
- Work-life balance as an IT contractor: 5 top tips from a tech recruiter Aug 30 08:20
- Autumn Statement 2023 tipped to prioritise mental health, in a boost for UK workplaces Aug 29 08:33
- Final reminder for contractors to respond to the umbrella consultation (closing today) Aug 29 08:09
- Top 5 most in demand cyber security contract roles Aug 25 08:38
- Changes to the right to request flexible working are incoming, but how will contractors be affected? Aug 24 08:25
Comment