In the Guardian today:
Taxpayer bill for saving Scunthorpe steel furnaces could top £1.5bn by 2028, auditor says – National Audit Office highlights benefits of state rescue for jobs and orders but warns of continuing high cost. The cost of keeping the UK’s last remaining blast furnaces going at British Steel’s Scunthorpe plant could exceed £1.5bn by 2028 if it continues at its current rate, according to the government’s spending watchdog. Ministers took the plant into public control in April last year, after its Chinese owner – industrial firm Jingye – threatened to shut down the loss-making site.
Will Scots have to share in that bill?
Yes, the funding comes from the UK Government via the Department for Business & Trade and is drawn from the UK consolidated fund/general taxation. Industrial support, subsidies, and interventions, especially at this scale are not devolved.
https://www.gov.uk/government/news/government-acts-to-save-british-steel-production
Our share with 8% of the population, around £120 million. £30 each.
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Does this not come under the Barnett consequentials whereby there should be £120 million extra for the Scottish Parliament. If not, why not.
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My understanding is this will be spend on behalf of the whole UK – a reserved matter related to critical UK industrial capacity. So no Barnett consequential – the spend in part is being done for Scotland’s ‘benefit’. Barnett does not apply on ‘reserved’ matters.
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How many jobs are we saving for those in England as well I wonder. Aww, such a warm cosy feeling knowing Scotland is propping up England’s industries and keeping people in jobs. Scotland, so philanthropic.
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