Qualified advisers answering your
Financial Questions
call 0800 092 1245

Is the UK government doing enough for UK industry?

Yesterday's revelation of 1,700 job losses at steel giant Corus together with more job losses at Lloyd's bank have prompted a number of questions regarding the UK government's role in protecting UK industry. While Lord Mandelson has grabbed the headlines with his attack on US food giant Kraft Foods, and its bid for UK chocolate maker Cadbury, where is the real help and where is the real financial assistance for the UK economy?

As we covered yesterday, the attack by Lord Mandelson on those looking to "acquire Cadbury on the cheap" is nothing but a PR stunt because the UK government cannot block any potential acquisition of Cadbury on price alone. There needs to be competition issues, or other unspecified issues which need to be addressed, before the UK government can even think of stepping in. So why did Lord Mandelson step into the Cadbury saga?

Purely and simply the UK government needs to be seen to be doing the right thing and it needs to be seen in the public eye more and more. Let's not forget this is the same government which poured billions upon billions of pounds into the banking industry, and then gave the banks full control, has left the UK car market to disintegrate, has let foreign suitors acquire the vast majority of the UK energy sector and ultimately done very little to protect UK industry over the last decade.

Share this..

Related stories

Financial Guides

Financial Calculators

Our useful calculators can help you get your finances in order:

Latest News


Helpful new tax year facts that could affect you and your money

Blog | Seven helpful new 2016/2017 tax year facts that could affect you and your money. Our recent online blog shares a brief outline on how to stay up to date.

Read more

Useful Links

Popular Searches

Please Enter More Details

Enter More Details