If Jaguar Land Rover is now an Indian company owned by Tata, Why is the UK providing £1.5 billion, and not Tata, which made over $180 billion in revenue last year?
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@implausibleblog @TataCompanies have just used the govt to overthrow our local council So they can dump millions of tons of toxic waste in a local beauty spot A Indian Company destroying the UK for profit
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@implausibleblog @monaropper999 Trouble is, Tata have the government by the short & curlies, if the govt don’t guarantee a loan, Tata will shut the place down
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@CourierBoyUK @monaropper999 Yep, also a real problem But whether its JLR or water companies, UK gov have a bad habit of bailing out big businesses at the cost to the taxpayer. We need better planning
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@ChillaxBcn Perhaps brands should put the flag of the countries they take their profits and dividends to...
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@implausibleblog The government is guaranteeing a loan, not handing out public cash, as far as I understand it.
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@Gordy_Mc1ntosh Why does a company that generated $180 billion last year need help to support JLR, doesn't it believe in JLR's future enough to guarantee a loan for it?
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@alecglen0 So why does their profit float out of the UK Might as well just make this their next dividend payment 🤷♂️
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@implausibleblog Is it the same Tata Group who owned the steel company in Wales? Didn’t they take £500 million of our tax payers money in Sept 23, in a bail out from the government…only to close it entirely less than 12 months later? 🤔🤔🤔
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@implausibleblog Sounds familiar
Tata Steel confirms 2,800 job losses at Port Talbot site, despite £500m subsidy. Govt hands billions in subsidies to companies; doesn't own shares or have board representation to direct anything. Money vanishes when companies go. Nationalise steel. https://t.co/8RwJovrjxJ
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@implausibleblog And why were Scots told our only refinery at Grangemouth - vital to our economy - couldn’t be bailed out because it was a private company? Despite being told during GE campaign that Labour had a plan in place to save it…if we gave them our votes.
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@implausibleblog The same Tata that took money for steel works in Wales and Lincsm and then closed down anyway? That Tata? No fecking way
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@implausibleblog Is it perhaps because it's supply chain businesses the cash will be used for, saving UK jobs in companies NOT owned by Tata? Also because Tata - having lost £Ms could - hypothetically - choose to fold, cut their losses. Taking British businesses with them without Gov help?
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@implausibleblog @CraigbryCraig Yes, don’t forget that billionaires are wealth creators not scavengers of our tax money as we all think. Privatise the profits and socialise the losses is a figment of our imagination. Apparently.
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@implausibleblog Absolutely brilliant question I was going to post that earlier, but depressingly I know what the answer is Tata Motors want to close the UK operations of JLR, it is not a sustainable business without government subsidy Same as Tata Steel The taxpayer is keeping zombie jobs 😔
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@implausibleblog Great question, but why did he increase Employer NIs for the UK workforce but then give a 3yr exemption on that same NI to Indian Co's in the UK. Seems to me that Two Tier, Free Gear & Never Here, has a preference for helping foreign companies as opposed to British Co's.
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@implausibleblog Tata also own an insurance company that provides among other things, “Cyber risk insurance”
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@implausibleblog Perhaps the state should seize control then look for a British company to buy it back.
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@implausibleblog JAGUAR/LANDROVER IS A FOREIGN COMPANY!!! 🐇🕳️👁️ NO UK TAX MONEY SHOULD BE BAILING OUT PRIVATE FIRMS. 🔮A LITTLE BIRD TELLS ME THEIR AD AGENCY ALSO JUST LOST THE ACCOUNT?🤫
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@implausibleblog Why did they pay TATA to CLOSE Port Talbot, putting thousands on the dole? Indicative of their fiscal ignorance. Feed overseas underperforming companies while watching British firms go bust (Lower tax revenue) Welcome to communism. Where the elite feast on the fatted calf.
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@implausibleblog The government isn’t providing it, it’s providing guarantee on it. It’s a commercial loan. Will allow much cheaper rate. And it’s to protect the smaller companies in the supply chain and jobs in UK factories
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@implausibleblog Tata Group investment and commitment to the UK economy is phenomenal - it has stuck with several companies that other owners would have walked away from but they stick by their values. It is entirely appropriate that a sound thinking Government supports such investors
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