Forget £9 million from the tax payer for Europhile propaganda – the European Union Investment Bank has now given out £80 million in ‘soft loans’ to China’s steel industry. As per usual, this is being hidden behind a veil of environmental concern and was supposedly loaned out in an effort to persuade China’s steel giants to reduce their emissions through ‘greener’ technology.
I don’t see it as our concern – quite simply: it is not the duty of the European Union taxpayer to ensure China reduces their emissions. However, that is not the main concern here – the real point is the disgraceful injustice here for the British steel industry. The steel industry in Britain is facing an incredibly tough time at the moment, with more than 22,000 jobs at stake and this is partly due to the notorious Chinese steel company Wuhan Iron & Steel Corporation who received £40 million of the loans. It is at this point that true anger, disgust and resentment is felt towards the European Union by steel workers and the communities they support with such dedication – why is it that the EU is giving generous financial aid to the same Chinese steel companies which are driving our traditional industries into the ground by the day through sly dumping strategies so extreme that the European Commission proposes a 36.6% tariff on the Wuhan Iron and Steel Corporation itself?
What’s even more infuriating is that this is clearly not just another leftist fascination with ‘green energy’ – the former Environment Sec. John Redwood has said that:
“This is another example of how British people do not want to see their money spent. The EU is supposed to be careful who it lends money to, and lending to a foreign government in order to create competition to British industry is not what we had in mind.”
This is a blatant disregard by the EU for British workers who toil, day in day out, to provide not only food for their families but to continue to support (proudly) their working class communities (such as Port Talbot, where the steel plant now foresees closure).
There is no arguing against why this is happening – we have simply lost control of our trade completely, the EU restricts our policies to such an extent that we now lack any ability whatsoever to maintain competitiveness within the steel industry. John Redwood again:
“We hand £350 million a week to Brussels, that’s money we should spend on our priorities, not Chinese steel.”
“This is another example of how British people do not want to see their money spent”
And what is all this for? Membership to this special club with annual membership fees exceeding that of our treasured, now struggling, National Health Service? David Cameron can print as many propaganda booklets as he wants – hard working, British people care about British industry and the European Union has made it clear (yet again) that they simply don’t.
Thanks for reading.