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07-06-2010, 15:11   #1
stressconsul
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With 800 Sheffield jobs on the line lets hope Forgemasters get the money!
http://www.guardian.co.uk/commentisf...ld-cable-clegg
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07-06-2010, 15:22   #2
RazorSHarp
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The money isn't there ??? that's not Cleggs fault, it's the excesses of previous Govt that have lead to tough decsions being made now.

I for one think that lending £80m to a company that almost went bust a short while ago and has less that £12m in annual turnover is a very big gamble.
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07-06-2010, 15:26   #3
rossyrooney
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Originally Posted by stressconsul View Post
With 800 Sheffield jobs on the line lets hope Forgemasters get the money!
http://www.guardian.co.uk/commentisf...ld-cable-clegg
It will be a crucial boost to Sheffield,both financially and morale wise.

Lets hope Clegg is batting for us all and indeed,has the clout to make a difference.
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07-06-2010, 15:32   #4
Grandad.Malky
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Originally Posted by rossyrooney View Post
It will be a crucial boost to Sheffield,both financially and morale wise.

.
Sheffield is famous for stainless steel but I don’t seem to remember too much being said about the need for a “financial and morale” boost being needed to stop Outokumpu pulling out.
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07-06-2010, 15:34   #5
rossyrooney
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Sheffield is famous for stainless steel but I don’t seem to remember too much being said about the need for a “financial and morale” boost being needed to stop Outokumpu pulling out.
You would have heard it if you had asked me.
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07-06-2010, 15:38   #6
daftlad
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Originally Posted by rossyrooney View Post
It will be a crucial boost to Sheffield,both financially and morale wise.

Lets hope Clegg is batting for us all and indeed,has the clout to make a difference.
clegg will be only batting for himself as all politicians do
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07-06-2010, 15:42   #7
rossyrooney
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clegg will be only batting for himself as all politicians do
My sentiments entirely.

But surely this is his chance to show that hes not screwed us over completely.
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07-06-2010, 15:43   #8
Funky_Gibbon
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Originally Posted by RazorSHarp View Post
The money isn't there ??? that's not Cleggs fault, it's the excesses of previous Govt that have lead to tough decsions being made now.

I for one think that lending £80m to a company that almost went bust a short while ago and has less that £12m in annual turnover is a very big gamble.
Where is the risk in providing it with the money to allow it to get more business in a sector that will be very important for the next few decades? It's exactly the sort of thing that needs to be supported because it pays for itself, it creates jobs in the manufacturing industry (something the coalition said it supports) and it takes hundreds of people off of benefits.
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07-06-2010, 15:47   #9
HeadingNorth
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Where is the risk in providing it with the money to allow it to get more business in a sector that will be very important for the next few decades?

The risk that it might not get the extra business.
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07-06-2010, 15:51   #10
Funky_Gibbon
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The risk that it might not get the extra business.
Well the article says that the only other place in the world about to produce what they are proposing is in Japan so it's not like they seem to have many competitors. Nuclear in this country alone will be big business for the next few decades.
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07-06-2010, 15:54   #11
HeadingNorth
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Unless, that is, someone suddenly cracks the fusion power problem, or develops a cheap way of lifting large solar panels into space ... or comes up with a power source we haven't even thought of yet.


No business venture ever has zero risk, and Governments, by and large, have an appallingly bad track record of picking the winning bets. This could be because they are politicians and not bankers.
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07-06-2010, 15:56   #12
jasd75
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Originally Posted by RazorSHarp View Post
I for one think that lending £80m to a company that almost went bust a short while ago and has less that £12m in annual turnover is a very big gamble.
By turnover I assume you mean profit, there's quite a difference between the 2...
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07-06-2010, 16:01   #13
rossyrooney
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The risk that it might not get the extra business.
Weighed up against the risk that we will stagnate or go backwards.

Sheffield is in danger of losing ground to competitors that it is vastly superior to.

Everyone is aware of current conditions,but it wont stop the excesses of the financial sector greed merchants, against which £80m investment is chicken feed
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07-06-2010, 16:05   #14
Dan_Ashcroft
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What has this got to do with the Deputy PM? His portfolio is completely seperate.

This is a matter for the Department of Business, Innovation and Skills and their Secretary of State. If you want to lobby anyone you'd be better going to the BIS offices next to Ha Ha Bar where the Civil Servants who will likely make this decision work.


By the looks of it Paul Blomfield MP is leading the campaign for Forgemasters: http://www.theyworkforyou.com/debate....564.0&m=40618


Also the 800 jobs aren't at threat. It's about expansion, not a bail out.
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07-06-2010, 16:07   #15
Genuflect
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It is very important to Sheffield manufacturing and Sheffield jobs that Forgemasters get the loan. There is much to be lost or won here. If they get the loan maybe I shall begin to give Clegg some of the lost respect back. If they do not Clegg is a traitor and all Sheffield should treat him as such. He has the chance here to show that he cares about his roots.
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07-06-2010, 16:08   #16
Genuflect
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Banks got bailed out when they made massive losses, why should not a profit making company receive assistance?
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07-06-2010, 16:20   #17
rossyrooney
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Originally Posted by Dan_Ashcroft View Post
What has this got to do with the Deputy PM? His portfolio is completely seperate.

This is a matter for the Department of Business, Innovation and Skills and their Secretary of State. If you want to lobby anyone you'd be better going to the BIS offices next to Ha Ha Bar where the Civil Servants who will likely make this decision work.


By the looks of it Paul Blomfield MP is leading the campaign for Forgemasters: http://www.theyworkforyou.com/debate....564.0&m=40618


Also the 800 jobs aren't at threat. It's about expansion, not a bail out.
All i am hoping is if Clegg has the ear of the PM he will do all he can to make the deal come to fruition.

I dont think Blomfield carries much weight with Clegg,but lets hope theres no grudges held.
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07-06-2010, 16:21   #18
Tradescanthia
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Banks got bailed out when they made massive losses, why should not a profit making company receive assistance?
Sounds like we are back to Tory 'monetarism' again. Feed the fat greedy bankers and to hell with industry. Cameron is Thatcher mk 2. Forgemasters is irreplaceable, ask most engineers. Their expertise is second to none. Not be long before South Yorks is desolate again and all the govt. will care about is the South East. Dont depend on Clegg to support us, he wouldn't recognise an engineer if he saw one. He just sits in Camerons pocket pretending to be important, the useless pillock.
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07-06-2010, 16:23   #19
hitch_1980
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Originally Posted by Genuflect View Post
It is very important to Sheffield manufacturing and Sheffield jobs that Forgemasters get the loan. There is much to be lost or won here. If they get the loan maybe I shall begin to give Clegg some of the lost respect back. If they do not Clegg is a traitor and all Sheffield should treat him as such. He has the chance here to show that he cares about his roots.
lol....so what your saying is...... clegg is at the heart of sheffield, and it is him alone who causes all the problems, and him alone who sorts them. Ummmmm.....does anyone else see something wrong with that. Ive always thought there are more people in sheffield than one man, or am i wrong?
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07-06-2010, 16:28   #20
hitch_1980
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I was just thinking, dangerous I know Could Mandleson be that underhanded, that he granted the loan knowing that labour would lose, in so doing giving the tories a head ache in this part of the uk, when it comes to cuts? Which would mean, the tories are hated if they dont do the loan, and sheffield stays a labout place.
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