Quote:
Originally Posted by victorgte
TATA has leverage over the Government as it employs thousands of British workers. Give us some money or we’ll pull out of the UK. It’s irrelevant where the company comes from, India or wherever. Do you spend money on a bail out or unemployment benefit?
It has indeed been broadcast that the Government will take a stake in companies it helps. It’s another form of leverage. This time they are saying there is no free money anymore and there is a slim chance we, the tax payers will one day get the money back.
State ownership could be making a comeback!
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Just what we need at the moment, state ownership of a car company, I don't recall that working in the past can you?
Putting aside the emotion, if nobody wishes to buy a product, then the manufacturer of said product, can either change the product they produce to a one that is saleable, or go belly up.
In other words, why saddle the taxpayer with the burden of supporting a company who has concentrated it's resources manufacturing products that have a diminishing market.
Brian
State ownership of private companies rarely work out