GeoCoops

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Multi-billion pension hurdle set to block Tata steel deal

Buyers hoping to take on Tata’s struggling UK steel business face a £2.5bn hurdle to resolve the pension fund attached to it.<p>While bidders are emerging for the business based around Port Talbot, which was put up for sale by its Indian parent last month, sources say retirement liabilities are seen …

Tata Steel strikes £550m deal to solve pensions riddle

Tata Steel has "in principle" reached an agreement to end the saga over its £15bn pension scheme and clear a path for a merger with German energy …

Tata Steel workers accept pension reforms despite reduced benefits

Thousands of UK steelworkers have agreed to a rescue deal with Tata, securing the future of their pensions albeit on less favourable terms.<p>The deal …

No, thank you

BRITAIN has been a centre of steelmaking since Henry Bessemer developed a method to mass-produce the metal cheaply in the 1850s. British mills, close …

The crisis in British steel has been 40 years in the making

Globalisation, cheap Chinese imports, EU legislation and a government reluctant to help have all contributed to the plight of the industry<p>The crisis in the British steel industry is the result of four big trends in the economy over the past 40 years.<p>Issue number one has been the opening up of world …

Factcheck: The steel crisis and UK electricity prices

<i>Update 8/4/16 – BBC News is reporting on Tata Steel’s windfall profits under the EU’s carbon market, an issue highlighted by Carbon Brief in October.</i> …

Tata Steel

Steel in the UK: a timeline of decline

Since 1951 the steel industry has been in and out of public and private ownership, with the workforce in permanent decline<p><b>1951:</b> Clement Attlee’s Labour government, under the Iron and Steel Act 1949, nationalises the industry via the Iron and Steel Corporation of Great Britain (ISCGB), which becomes …

Great Britain

Here's what the steelworks mean to the people of Port Talbot

Port Talbot is a town built around steel – and now that is threatened. We asked steelworkers and those living near the Tata Steel plant to tell us what it means to the town and beyond<p>It’s not possible to visit Port Talbot and ignore the steelworks.<p>This is a town built on steel, growing alongside …

Port Talbot: Javid tells workers plant has a future

http://vod-pro-ww-live.akamaized.net/mps_h264_hi/public/news/politics/1235000/1235581_h264_1500k.mp4?__gda__=1532538581_6cef51a3638c49c3fcb7d9f09d24b372<p><b>Business Secretary Sajid Javid has told workers there is a future for steel production at Port Talbot, insisting the government is on "their …

Great Britain

How booming British car manufacturing has helped drive economy upwards

British car manufacturing has boomed in the last two years. As a result, the number of jobs for skilled workers, both old and young, is increasing …

Automotive Industry

British car output grows in March as productivity hits all-time high

• Stable March for car manufacturing with overall production volumes up 1.9%.<br>• UK automotive industry more productive than ever before, according to new …

Manufacturing

The UK's mighty car industry boom in three graphs

Data reveals that the UK is enjoying a powerful auto industry renaissance<p>Continuing to motor on, the performance of the UK's auto industry has become one of 2014’s most remarkable success stories.<p>Industry extends record streak<p>Total new car registrations have extended their record streak of …

Britain in Industrial Decline, 1970's. Archive film 95566

Britain's manufacturing decline

British car industry – victim of its own success

The UK motor industry, upon which more than 840,000 jobs depend, is very different from the shambles of 30 years ago.<p>Production lines no longer judder to a halt on the say so of a shop steward.<p>The days of left wing militants like 'Red Robbo' and strikes being called on a show of hands at a mass …

BBC - Higher Bitesize Geography - Industrial : Revision

Growth and decline of industrial areas<p>You are expected to be familiar with one industrial concentration in the European Union. Many industrial areas in Western Europe have passed through similar stages of growth, decline and partial recovery - you may be able to think of some examples. The North …

Sydney

The decline of the UK shipbuilding industry was not inevitable

The ending of more than 500 years of naval shipbuilding in Portsmouth will inevitably lead to laments about Britain's industrial decline.<p>This was an industry that at its peak built great ships such as the Queen Mary and HMS Dreadnought, constructed in Glasgow and Portsmouth respectively in the …

Why doesn't Britain make things any more?

Before moving to Yale and becoming a bestselling historian, Paul Kennedy grew up on Tyneside in the 50s and 60s. "A world of great noise and much dirt," is how he remembers it, where the chief industry was building ships and his father and uncles were boilermakers in Wallsend. Last year the …

UK car manufacturing hits high but industry warns of Brexit effect

900,000 cars were built in first six months of year – the most since 2000 – but industry figures say the outlook is uncertain<p>British car manufacturing hit a 16-year high in the first half of 2016, but the industry says future growth, jobs and investment are at risk following the Brexit vote.<p>Almost …

The fall and rise of Britain's car industry

A decade on from the collapse of MG Rover, the UK's automotive sector is getting back into top gear<p>Britain’s car manufacturing industry looked to have taken a body blow when Rover collapsed a decade ago.<p>Wednesday saw the 10th anniversary of the marque’s failure with debts of £1.4bn, pulling the …

History in Focus: Decline of the British Motoring Industry

What Happened to Britain’s Booming Industry?<p>The origins of the British motoring industry date back to the final years of the 19th century. By 1950, …

Automotive Industry

Germany warns hard Brexit will damage UK car industry | Financial Times

The UK’s car industry is doomed to a sharp decline if the country loses access to the EU single market, the head of Germany’s auto industry lobbying …

Britain's steel industry: What's going wrong?

<b>Over the past few months, one part of the UK economy, the steel industry, has been grabbing the news headlines, but for all the wrong reasons.</b><p>The announcement by India's Tata Steel that it plans to sell its UK steel business, putting thousands of jobs at risk, is the latest blow to an industry …

The truth about Thatcher and the steel industry

There's an old saying: "A lie told often enough becomes the truth". It's one 'comedian' and former Socialist Workers Party member Mark Steel should …

Profit

Why is Port Talbot steelworks important?

<b>The town of Port Talbot has for more than 60 years been synonymous with steel.</b><p>The sprawling works span the horizon as you drive along the M4.<p>In its heyday in the 1960s, nearly 20,000 people worked there. The town grew up around it.<p>Numbers may have dwindled but even with a 4,000-strong workforce, it …

Great Britain

Who is to blame for the steel crisis?

Tata and Britain’s steelmakers are not just facing a glut of Chinese product: they also struggle with a cocktail of domestic problems that go back decades<p>The crisis in the UK steel industry has deep roots. Globalisation and the opening-up of world markets; a slowdown in Chinese manufacturing, …

Will Donald Trump mean the end of global trade?

<b>Free trade and globalisation had a bad 2016, but it looks like 2017 could be even worse.</b><p>For decades there has been a consensus that globalisation brought more jobs, higher wages and lower prices - not just for richer countries but also for developing and poorer nations.<p>But there is now a growing …

Globalization