British Steel Financially Collpases; Failure to "BREXIT" Destroys British Company

British Steel Financially Collpases; Failure to "BREXIT" Destroys British Company

British Steel, the country’s second largest steel producer, has collapsed after failing to secure emergency government funding, jeopardizing some 25,000 jobs, Britain’s Official Receiver said on Wednesday.  The fact that the British Parliament intentionally failed to deliver a "BREXIT" from the European Union kept foreign Investors - who could have saved the company -- away from the steel giant. Investors knew that arbitrary and capricious EU pollution rules were wiping the company out, and as long as Britain remained in the EU, the company had no chance to prosper.

 

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