A steelworker watches as molten steel pours from one of the Blast Furnaces during 'tapping' at the British Steel - Scunthorpe plant in north Lincolnshire, north east England.LONDON - British Steel, the country's second-largest steel producer, is on the brink of collapse unless the government agrees to provide an emergency £30-million loan by later on Tuesday, a source close to the situation said.
British Steel had asked the British government for a £75-million loan but has since reduced its demand to £30-million after Greybull agreed to put up more money, according to the source close to the negotiations. "The UK steel industry is critical to our manufacturing base and is strategically important to UK industry. The government must intervene," said Gill Furniss, Labour's spokeswoman for steel."Administration would be devastating for the thousands of workers and their families who rely on this key industry in a part of the country which has not had enough support and investment from government over decades," Labour said.
You see this Brixit ,the majority there voted in favor look at what is happening now .Most compare moving their head offices the likes of Sony has moved our .Does the majority assist at times or not ?
Can this have a ripple effect to other countries like SA?
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