June 17th, 2010

Beaker Wields the Axe

Was Danny Alexander writing press releases or cutting down trees? All that work in Cairngorms National Park must have done some good for Beaker as he seems to be able to handle an axe quite well. He just told the Commons that the government could not “spend money it simply did not have.”

He announced twelve prospective government projects that Labour approved will be scrapped saving two billion pounds and suspended other projects worth another eight and half billion. The controversal £80 million loan to Sheffield Forgemasters has gone.

He’s no David Laws, but such action should go some way in reassuring those who doubt Beaker’s steel.


  1. 1
    Engineer says:

    Shame about the Forgemasters loan. Hope they can find the funding elsewhere, as the press facility they were going to build would have put Britain back at the top of world engineering capacity for large, high-integrity forgings.

  2. 2
    Beaker says:

    Stop calling him Beaker

  3. 3
    Head Lizard says:

    Saving by cutting spending is one thing but there is no saving by not lending,that could have been a profit, Is he a bank?

  4. 4
    Ted Bundy says:

    David Laws is pulling his strings, he is merely a useful puppet.

  5. 5
    Roger Pearse says:

    Well done Danny Alexander. I mean, Stonehenge visitor centre? At this time? Not one of those projects was adequate justification for screwing money out of old ladies with barely enough to eat — the real victims of high taxation.

  6. 6
    Wolves in sheep's clothing says:

    These Liberals are turning out to be quite ruthless arent they? More Tory than the Torys in some cases.

    Clegg ws on GMTV this morning arguing, yes arguing with their presenters and saying tax credits are going to be cut back.

  7. 7
    Non Product UK says:

    Forgemasters would have given us a product we need.

  8. 8
    Grammar School Boy says:

    Izzy wizzy, let’s get busy!

  9. 9
    Perplexed of Ravenglass says:

    Why is he called Beaker?

  10. 10
    jgm2 says:

    If it needs doing or there is a demand for it then I’m sure that it can be built for 25 million now that word isn’t out on the streets that there’s 80 million just kicking about looking for a home to go to.

    Hell, BP just found 20bn dollars down the back of the sofa to try and buy off the Maximum Gobshite, Obama.

    20bn for which they will receive less than fuck-all thanks too.

  11. 11
    Selohesra says:

    Its all peanuts really compared to the Billions we shell out to corrupt EU and also to prop-up bankrupt extremities of the UK who hate us anyway

  12. 12
    Anonymous says:

    I thought the Muppets had a hand up them, rather than strings.

  13. 13
    Uranus, The Magician says:

    If we need it and it would be profitable (that’s the crunch word), investors will appear: if not, they won’t.
    Government has no business to be in business.

  14. 14
    Ted Bundy says:

    Given the history of the Liberals maybe David Laws has got his hand up where the sun dont shine.

  15. 15
    jgm2 says:

    Stonehenge Visitor Centre? Stonehenge, along with Shakespeare’s Birthplace Museum are the biggest rip-offs in the entire UK. Apart from 50% income tax.

    The woman at Stonehenge was less than impressed with the helpful feedback I left in their visitors book.

    As for the interpretive posters and signs. Conjecture doesn’t even begin to describe it. I would close it down, fire the lot of ‘em, tear down the fences and just put a security guard on the job.

    A fucking disgrace. Charging that kind of money to look at a pile of rocks about which nothing is known and nothing is ever likely to turn up.

    Grrrrr. Stonehenge and entrance fees. Makes my piss boil.

  16. 16
    Uranus, The Magician says:

    Can’t we charge the Yanks for the cost of our troops being in Afghanistan?
    Around 20 billion plus interest seems about right for this year!

  17. 17
    Uranus, The Magician says:

    ‘cos he’s a vessel full of wind & piss.

  18. 18
    Uranus, The Magician says:

    Let’s hope so!

  19. 19
    Grammar School Boy says:

    The Liberals weren’t always Sandalistas. Perhaps they have discovered their roots and are looking to pick up the more centre leaning Tory vote?

    Don’t forget that when they replace a leader there is generally a brutal ending.

    They are (to me) however still the party of Simon Hughes…ugh!

  20. 20
    stun says:

    Maybe a little judicious pressure on one of the semi-state-owned banks wouldn’t go amiss. RBS is complaining constantly about a lack of demand for loans, ‘forcing’ the bank to use its free-ish money from the BoE and the ECB to play the yield curve, mainly in sovereigns.

  21. 21
    Smig says:

    It looks as though the Cleggites have been reading up on Gladstone.

    About time too.

  22. 22
    Ancient Briton says:

    So how did the druids cope without a visitor center?

  23. 23
    Liar Byrne says:

    Did you see me on the TV, sticking it to Beaker ??

    For a while I thought my credibility was shot, after I’d written that note announcing that there was no money left. Good job you’ve all got short memories.

    Where’s my fucking 1.00pm cappuccino, you peasants ????

  24. 24
    Ted Bundy says:

    They only lend money for the takeover of UK assets by foreign carpet baggers.

  25. 25
    More cuts please says:

    MPs’ pay should be cut if they don’t turn up for work like Gordon Brown. Make the lazy slackers clock in and out.

  26. 26
    jgm2 says:

    Afghanistan was a NATO deal so we’re kind of expected to give freely. Iraq on the other hand was more a mercenary deal and so I think it only appropriate that we get the 100K MOD seat-polishers in Whitehall to run up an exhaustive invoice plus usual ‘consultancy’ rates and hand it to the US ambassador.

    Along with a box of Ferrerro Rocher (alos invoiced). Fuck’ em.

  27. 27
    Ted Bundy says:

    No, No, No 1pm is soup, coffee is at 10.30am.

  28. 28
    jgm2 says:

    ‘Forcing’ RBS and HBOS to buy 200bn quid of IOU’s for the 200bn quid Brown printed to pay the civil service last year don’t you mean?

  29. 29
    Engineer says:

    Some truth in that, unfortunately. The Forgemasters loan would have been a chance to back a strategic indigenous company capable of doing business with anybody in the world, and capable of beating most of the competition.

  30. 30
    Spank Sinatra says:

    In that case you are welcome to pay my share! This is not a state owned enterprise. If they need the money go to the shareholders or as suggested, if it’s a sure fire winner, investors will come in.

  31. 31
    jgm2 says:

    Don’t give the cu*nts at Stonehenge any ideas or they’ll be ‘interpreting’ some paleo-matchstick remains as the ‘remains’ of the Druids visitor centre, tearooms and gift-shop.

    Fucking risible place. The biggest rip-off in pre-history.

  32. 32
    Dr Kelly says:

    watch this then decide what logo is prevalent here.


  33. 33
    sockpuppet #4 says:

    So you went, and you paid.

    Are you disappointed that you weren’t cynical enough before the facts?

  34. 34
    Byrne's salty soup provider says:

    Yep, that’s right. At 12:55 I go to the toilet with a copy of Razzle to make sure Liam’s soup has just the right flavour.

  35. 35
    Engineer says:

    So it’s “the right thing to do” to throw billions at incompetent banks, but loaning sme loose change to a viable and world-leading engineering company is evil?

  36. 36
    jgm2 says:

    If it’s viable and ‘world-leading’ then the management should have no trouble convincing a bank to lend them the money.

    I will trust your judgement on this engineer but if history teaches us anything it is that as soon as the government gets involved with anything then it will be a fuck-up. The workers will start to get the impression they’re key-workers, UNITE will step in to make sure they behave like ‘key-workers’ and in twenty years time they’ll be striking for more pay, an earlier retirement and longer holidays all paid for from your taxes.

  37. 37
    1963 says:

    I remember climbing all over it in 1963 ,now you can’t get near it.

  38. 38
    sockpuppet #4 says:

    Of course, he said neither of those things. But I get your point.

    Its hardly an ideal place to suggest that pure free market economics might not get the right results.

    I’m sure it would be better to invest 80 million selling ringtones to children or something like that.

  39. 39
    Spank Sinatra says:

    Ummm………not sure where the ‘evil’ bit comes from?

    “Sheffield Forgemasters will continue to develop its significant involvement into civil nuclear, thermal and hydro power generation markets and seek other ways to develop the business.”

    Graham Honeyman, Forgemasters’ chief executive

    Looks to me as though he may have to get off his arse and develop his business without putting his hand in my wallet. It’s called capitalism I believe.

  40. 40
    Lose n Profit says:

    all loans assets.Like today’s m*arket all debt are assets

  41. 41
    Unsworth says:

    Indeed. And ‘interpretative centres’ are a whole new cottage industry.

  42. 42
    Colonel Blimp says:

    Siesta time!

  43. 43
    sockpuppet #4 says:

    bugger. this indeed is the wrong place to debate whether pure free märkèt economics always works best.

  44. 44
    Unsworth says:

    I don’t mind loaning my cash to Forgemasters, just as long as I get a piece of the equity and a humungous return on my investment.

  45. 45
    jgm2 says:

    Yep. You can get as near to the stones just by pressing your face against the chicken-netting on the road for free as you can following their ‘interpretative walk’ [no stepping over the chains – no touching the stones] and walking through their fucking visitor centre and gift shop.

    Fucking lady helping herself to my entrance fee going on about what was I complaining about paying six or seven quid or whatever the fuck it was – wouldn’t I pay that to go into St Pauls cathedral or the Vatican.

    Well, I might but I’d be fucking cross if they charged me six or seven quid just to walk around the outside you cu*nt.

    Biggest rip-off ever.

  46. 46
    Baldrik says:

    Too right

  47. 47
    Gerry Manadering says:

    We’re short of housing. We need more affordable cottages.

  48. 48
    Museum Of Chocolate Manufacture says:

    The bastards

  49. 49
    jgm2 says:

    I’m disappointed I was ripped off. All I can do now is advise others not to make the same mistake.

    I’m an optimist by nature but a cynic by experience.

  50. 50
    Fox N Profit says:

    Boom boom

  51. 51
    Engineer says:

    That’s why it was a loan, and not a grant.

  52. 52
    sockpuppet #4 says:

    tee hee.

    “You can get as near to the stones just by pressing your face against the chicken-netting on the road for free”

    Thats precisely what i did.

  53. 53
    Cheese Lover says:

    If it’s commercially viable, then they should be able to find private money.

  54. 54
    Peasant says:

    Yeah, let’s cut hospital projects. That’s a great way to “ring fence the NHS”. That phrase will hau nt cast-iron Dave just like his pledge to convert wards to create 45,000 single sex bed, except that there never was the money to do it. The Nasty Party is back, the LibDems are Mutley to the Tories Dastardly.

  55. 55
    P. Doff says:

    “Makes my piss boil.”

    You must have a hot cock… other than that I agree completely about the Circle of Stones… open it up for free like the far more interesting Avebury.

  56. 56
    Druids my arse! says:

    Stonehenge is nothing to do with the druids, who were around when the Romans came to Britain. Stonehenge is MUCH older.
    Modern “druids” please note.

  57. 57
    Engineer says:

    Agree that governments tend to have very poor commercial judgement, but there are times that they get it right. The CEGB bequeathed us a superb network of power stations and a very well-maintained distribution network, which privatisation hasn’t really looked after. In the case of Forgemasters, the company would run the facility commercially, so labour relations would be their pidgeon. Things have changed in private industry since the bad old days of the seventies. Even the unions know that survival of the company, and consequently their jobs, depends on getting the work done. It’s mainly in the public sector that the militants are tolerated by the workforce.

  58. 58
    nell says:

    O/T Sorry! Although it’s good to see that the coalition has started on the cuts it’s going to make. Sorry about forgemasters Eng but if it’s an attractive investment there’s venture capitalists out there that will much more likely come forward now they know that government aren’t going to be interfering.

    Meanwhile I see the militwit brothers are descending into a family feud which , of course, they said they weren’t going to do. When you think about it , it doesn’t say much about ed the younger that he’s stabbing his older sibling in the back like this, does it?!

    But then again family was never important to the labour crew.

  59. 59
    jgm2 says:

    Oh that’s what I’ve done every other time we had overseas visitors sockpuppet. But imagine the outrage when you, for the first time in your life, part with good money to show your cousins or their kids around Stonehenge or that fucking ‘Shakespeare’s Birthplace Museum’ abomination in Stratford. Because, well, you can go any time (but never do) whereas this might be their trip of a lifetime to the UK.

    ‘We believe that this stone might have been used for live sacrifice. Oh, no reason. Just might You what?

    And Stratford: ‘A desk a bit like the one William Shakespeare might have sat at in Elizabethan England’ You fucking what? I just paid twelve quid (or whatever) and all you can show me is a fucking school desk manufactured in the same fucking century? You fucking what?

    Folk travel half way around the planet and you part with good money to show them shit like this because it’s all they’ve ever heard about England. I’m amazed the UK gets any repeat visitors after serving up over-priced heritage shit like that.

    Still, not a mistake I’ve ever made with The Tower of London or Fucking Edinburgh Castle.

  60. 60

    I drive past them about once a week. Didn’t know you had to pay!

  61. 61
    Space Hopper a L'Orange says:

    Quite right about the Sheffield Forgemasters loan. Ken Clarke destroyed Mandy on that racket before the GE; it’s just a return to the miserably old Callaghan/Wilson tactic of ‘picking winners’. Shell out taxpayer dosh to a company you think will succeed and then claim the credit when (or if) it does. Of course, if the enterprise was viable to start with it wouldn’t need government handouts. The whole thing’s a political con.

  62. 62
    Groucho says:

    There are a couple of excellent stone circles in remote areas in Cumbria that are freely accessible and nobody seems to mind if you do a quick lap bollock naked

  63. 63
    Mr Ned says:

    Named after the muppet known as beaker on the muppet show.

  64. 64
    streamfisher says:

    Interesting clip, heartening to know that the attempted manipulation by politicians of peoples emotions using the ad man usually turns around a bites them on the bum, eventually.

  65. 65
    Groucho says:

    The Tower of London is different – you can actually have a good look around and there’s plenty of original stuff on display.

  66. 66
    Vince Cable says:

    It’s about time these northerners felt the cold steel of the axe, cuts are essential if we are to encourage people away from sink-cities like Sheffield towards the prosperous south.

  67. 67
    Yo Blair says:

    That fucking Bewley as well It cost me an arm and leg to take my 6 gran kids. I could have bought a vintage car.

  68. 68
    The Beast of Clerkenwell says:

    I have a single sex bed
    I cant get anybody to join me

  69. 69

    Now what has caused that innocent line to be modded. FFS Guido get an Emily replacement.
    This second hand Labour list auto-modder deletes everything except the words Gordon, love, great helmsman, hardworkingfamilies, taxes are very low and beefcock!

  70. 70
    Geezer says:

    Pull it down, and all those fucking mansions them twats national trust run.

  71. 71
    Groucho says:

    Yes the key point is Forgemasters are after a loan, not ‘investment’.

    No shortage of venture capitalists out there, but they are usually vultures out to make a fast buck – no interest whatoever in the long term future of the business.

  72. 72
    Mr Ned says:

    Puppets are a generic term. Within the puppet group their are marionettes (stringed puppets) and glove puppets and puppets operated by rods and mechanical means (muppets)

  73. 73
    Geezer says:

    So did the water board and the Utility companys have fucked it.over charged too.

  74. 74
    Geezer says:

    Smart move on Guy Fawkes Guido

  75. 75
    Dr Bunsen Honeydew says:

    Weird. Beaker’s my assistant and he’s got your old job, and you and I are both bald cυnTs. Life’s funny like that, innit?

  76. 76
    Mr Ned says:

    What the fuck would you pay to look at a stone circle for? There are loads of free ones and Stonehenge is only the biggest and most famous, but you can see them from the road, and you can tell all from seeing them from that distance that they are not worth paying to see.

    If you want to see them for free, join the Druids.

  77. 77
    streamfisher says:

    But despite Labour’s 1997 manifesto promise to “work towards the elimination of mixed-sex wards”, Lord Darzi has now announced that the NHS would “have to be rebuilt ” if the aspiration of single-sex wards were to be achieved. Its labour that have been in power for the last 13 years dumbo!

  78. 78
    The Court of Public Opinion says:

    Ugh. A rock covering loser jaqboot-smiths handiwork has just been turned over and the roaches scurrying away sure are ugly: http://tinyurl.com/2uymula

    And will someone PLEASE tell the BBC there was a reason the liebour party just got their worst election result since 1931!!! The people thought they were shit and not worth seeing or listening to, so why the fuck are they still getting 10x the airtime of the winners?

  79. 79
    Dig for Victory says:

    HT, good use of 8 minutes

  80. 80
    Industry = Destroyed, Lazy Breeders = Rewarded says:

    Forgemasters has been thrown on the fire while the money that could of been spent on it is given to freeloaders and immigrants benefit money to keep them quiet.

    One truly despairs for this country now.

  81. 81
    Engineer says:

    That’s true. The total cost of Forgemasters’ new facility is £140 million, of which they had non-government funding of £60 million. Banks or venture capitalists prepared to take a 10-year view could get a healthy return on their investment.

  82. 82
    Dr Uid says:

    So why preserve it if the original owners are dead?

  83. 83

    Nonsense! Family is very important in Labour circles. Only ‘family’ in the Corleone sense.

    Don Corleone – Peter Mandelson
    Michael Corleone – Tony Blair
    Sonny Corleone – Alistair Campbell
    Fredo Corleone – Gordon Brown.

  84. 84
    Celtic says:

    Quite a few in Cornwall too and can be seen free of charge with no hassle from jobsworths

  85. 85
    Sniper says:

    Surely beaker says: Meeep, meeep, meep, meep!

  86. 86
  87. 87
    Mr Ned says:

    Well it is left to the Sheffield MP Nick Clegg to explain why this loan was axed. Seems a reasonable reason (no money left) but I cannot get away from the feeling that this also has plenty to do with the liberal democrat’s pathological hatred of anything to do with the nuclear industry.

    Well, when the lights finally go out in 5 – 10 years time, all of us who have been saying that you cannot replace coal, gas and nuclear with fucking windmills will be proved right!

    I feel sorry for the highly skilled workers in what SHOULD be an essential industry. I really hope a real investor can be found and FUCKING QUICK!

  88. 88
    streamfisher says:

    Fredo’s gone back to Sicily to practice the local accent and eat porridge al fungi.

  89. 89
    AC1 says:

    Can someone show Forgemasters how to Google “Debt for Equity swap”?

    oh and Stay out of my wallet.

  90. 90
    AC1 says:

    Ring Fence the National Death Service?


    No thanks.

  91. 91
    the old historian says:

    This is a once in a lifetime opportunity for Libdom unless history repeats itself and we see a re-run of the National Liberal party “merging” into the Tory party as a part of a coalition givernment (last time somewhere around 1936).

  92. 92
    The Court of Public Opinion says:

    It’s not all bad – Cast Iron is giving £200m of your money to Afghanistan to help create jobs building schools and hospitals. Isn’t it nice to be able to fritter all this away after these bountiful past few years. Now all our own schools and hospitals have everything they need, and we are back to full employment, we can show the terrorists in the country that produces 90% of the worlds heroin just how generous we can be. And of course, it’s not like your money has ever gone to the wrong places before: http://tinyurl.com/yjlpo7a

  93. 93
    AC1 says:

    Both need to be defunded. Forgemasters needs to do a Rights issue to raise the cash from willing investors.

  94. 94
    Sleepless in Kirkaldy says:

    House of Commons is an interpretative centre for Brussels

  95. 95
    Anonymous says:

    Well, it would have put them into opposition with all those green industries favoured by the LibCons and that would never do.

  96. 96
    Animal says:

    I saw the list a moment ago. Active Challenge Routes, County Sports Partnerships, Local Authority Business Growth Initiative – and what one earth is Outukumpu?

    All of those mentioned are silyl names for funding of schemes existing bodies should be undertaking. It’s a doubling up of work to give idle public sector workers something to do. Get shot of them and make it easier and less costly for business in this country to operate, give firms an incentive to invest in people instead of giving it to shrieking, self-interested shareholders and allow private enterprise to grow instead of trying to manage everything and everyone.

    Anyway, Stonehenge. This is a prime example of well meant but utterly over-intrusive control of the history of this country. What makes it worse is this determination to make everything twee and plastered in wick and wisteria, trying to give some impression that back in the old days the brits lived in thatch cottages, made lovely doillies and drank real ale while having a good old sing-song round a pole/roasted hog/wishing well/dead rat. It’s manufactured revisionist rubbish and should be bonfired. Life was hard, short and often violent, and that should be rammed home to children to remind them of how far we have come and how much we have struggled as a race, and how easily we can return too.

    There are precious few museums worth visiting sadly, many of them the old, Victorian style that are thankfully more fact-based than their modern siblings. The Ironbridge Museums are worth going to, not because they are free of tat – there’s way too much – but because if you go on a warm sunny day there is no better palce to wander round, for free, along the river bank and the canal, over the bridge and see much of the old workings of the dawn of the industrial age. And let your kids take in the scenery, the mix of nature and man’s brief if huge stay there, and let them learn for themselves.

  97. 97
    AC1 says:

    I hope you clean your sheets regularly then.

  98. 98
    Stevie says:

    Frank McAveety, Labour MSP will pop over the border to have a quick look-see just in case any underage teens get in the mood for a lap or two without their lady undergarments.

  99. 99
    Red Lion Avebury is shit says:

    Nice pub at Avebury. Or there was – I haven’t been there for a decade or two.

    Aarghhh – I’ve just looked it up on beerintheevening.com and it’s the worst pub in Britain!

  100. 100
    Sooty says:

    Remove your hand from my arse!

  101. 101
    MotherSaidThereWouldBeDaysLikeThis says:

    Yes interesting clip, I wonder if Bill Whittle will have a fatal “accident”.

  102. 102
    AC1 says:

    Nation Building (in a tribal non-country) isn’t part of the NATO remit. Bombing the Taliban/Al Quaeda in Aghanistan/Pakistan is.

  103. 103
    Engineer says:

    He did get off his arse – he found £60 million in funding. The government was going to LOAN the other £80 million.

    I still can’t understand why propping up bust banks was an acceptable investment of taxpayers’ money. Was THAT capitalism?

  104. 104
    Dog's Dinner says:

    Stonehenge is owned by the Crown and managed by English Heritage, while the surrounding land is owned by the National Trust.

    Too many chiefs

  105. 105
    Pants TV says:

    We would like to make a program with them similar to Frazier,but more along the lines of two brothers like sideshow bob and his brother

  106. 106
    Animal says:

    That was a superb bit of analysis, and his balance was great too. None of the histrionics you see from other Americans. Excellent stuff.

  107. 107
    Head Lizard says:

    It wasn’t a handout it was a loan and a paltry loan as well,but one all the same the Gov could have charged bor.

  108. 108
    Engineer says:

    Outokumpu are manufacturers and suppliers of stainless steels. They have (or had) a manufacturing plant in Sheffield.

  109. 109
    ParanoiaIsMyName says:

    Who’s us?

  110. 110
    nigella says:

    rather disappointed in Uncle Sam, and his young pup ‘anotherdrama’.

    Big Dave its time to kick some yankee ass. Kick europe into touch and start buying kiwi lamb. Ahhhh the good old days – yeeh haaa.

  111. 111
    Head Lizard says:

    Loan = Repayment + Interest
    It is in the wording

  112. 112
    stun says:

    Outukumpu is a Finnish steelmaker. I have no idea why Labour wanted to give them money, apart from the usual backhanders, promise of gainful employment etc.

    Probably some Corus-style Carbon tax arbitrage which would see us giving them loads of money to close their UK plant and move it to India.

  113. 113
    Sir G. Boycott says:


  114. 114
    streamfisher says:

    Seen it already in Casino, club em and then bury them alive in a pit in the desert (Kirkaldy).

  115. 115
    stun says:

    That would be the one, yes. I think they may have been allowed to diversify into Greece, Portugal etc too…

  116. 116
    TJB says:

    We see how well that works in Brussels when the thieving wankers clock it and then immediately piss off home. The sight of them running to avoid the cameras made me chuckle. Caught red handed. Rather than stop this behaviour though, they removed the cameras. Your Euro Donations at work. Cheers easy!

  117. 117
    Selohesra says:

    SE England – which seems to subsidise everyone else. Admitidly SE corner could also be described as extremity too – but I dont think we would get very far relying on Birmingham

  118. 118
  119. 119
  120. 120
    Grimelord says:

    This is different from the Labour guff. Labour would conduct a press conference, announce a new GOAT appointment, review, consult, spin, draft and smear. They would only announce in Parliment as a last resort!

    Could someone enlighten me as to what Corus needed before various plants were mothballed? Was it a Government loan or did top management just want to close the plants?

  121. 121
    Laddie says:

    They seemed pretty good at employing each other’ spouses

  122. 122
    streamfisher says:

    So they wont mind Mr President cluster bombing their relatives back home?

  123. 123
    streamfisher says:

    Mandelson & Tatu, Mandelson & BL, Mandelson & Bauxite, do the research yourself.

  124. 124
    Sir Everard Digby says:

    Cashed in the plant to claim the carbon credits then trade them…..sweet. I love the green economy.

  125. 125
    Four-eyed English Genius says:

    Take the boxing gloves off, then!

  126. 126
    Head Lizard says:

    We need nuclear power and this could have supplied the mould’s,if we have to buy them abroad the costs will be much more than 80 m.Expect investment and then ownership from outside the UK

  127. 127
    Rip Van Winkle says:

    Tell RBS and Haliafx that, HL. That’s what they thought it was all about – dole out money and these suckers will pay us back.

    Don’t know if you’ve noticed but, on occasions, the barstewards don’t pay you back. Shame those executives earning millions a year didn’t think about that before they lent.

  128. 128
    bergen says:

    If they can’t trust each other,why should we trust either of them?

    Answers with reasons,please.

  129. 129
    South of the M4 says:

    Having run, and off-shored a once UK based business in an industry not too far removed from steel maybe I can give a clue. The growth in Asian manufactured products in Europe led to many western euro companies transferring operations to the once eastern European countries chasing lower wage costs – these being the majority of fixed costs. Those that could not move, eg with massive infrastructure, looked for other ways of reducing costs to be competitive.

    This task, in my case, proved impossible against a backdrop of ever increasing governmental interference, and hence cost, and punitive business rates. Super-imposed on this was a raft of environmental legislation, rubber stamped out of Brussels, designed to do no more than raise taxes and take a political high ground.
    £1000 being spent to make 1/10th of the environmental improvement, globally, that £1 would bring in, say, the US (who ignored the Kyoto protocol), China or India. £1000, incidentally, that neither France or Germany spent either.

    Did Corus want a subsidy? I don’t know, but I bet they would have accepted just a mere slow-down in ever increasing government legislated costs.

  130. 130
    Groucho says:

    One of the projects being axed is ‘Walk England’, a £2m mapping exercise by the Departent of Health to encourage people to walk more.

    I know this project is small change at just £2m, but how on earth do these absurd schemes ever get off the ground? Hadn’t any of those involved ever heard of the Ordnance Survey?

  131. 131
    Engineer says:

    Not entirely clear why the Redcar blast furnace was mothballed. The loss of the main contract to supply steel slab to a large consortium precipitated the problem, but some think that the plant’s owners, Tata of India could make a quick buck by selling the carbon trading credits they held for the Redcar plant, and transferring production to India. Who knows?

    The good news is that there are two potential buyers for the Teeside Cast Products plant, and that Corus have back into production two blast furnaces at Port Talbot, one at SHunthorpe and the Llanwern hot strip mill in response to rising demand from car-makers and the construction industry.

    The recession isn’t past yet, but there is a green shoot here and there.

  132. 132

    Look up their familial history.


  133. 133
    Susie says:

    Lots in Denmark too — there must have been the same culture over most of Northern Europe.

    Apart from the Romans building their roads right through them, it was Christians who got rid of most of the ancient monuments.

  134. 134
    South of the M4 says:

    A similar amount was spent here in Wales targeted at the valleys communities, specifically those news to the area – object: to ensure they knew they had a right to vote. Method: ‘outreach’ coordinators, village hall presentations, media adverts etc. FFS, send them a letter.

  135. 135
    YouNeedTheLibDems says:

    And the Conservatives still couldn’t form a government on their own.

  136. 136
    Red Lion Avebury? I think not. says:

    Avoid the Red Lion in Avebury. It’s the worst pub on the face of the planet, bar none.

  137. 137
    Monty Burns says:

    can’t decide if this is civil war 2 or revolution 2.


  138. 138
    AC1 says:

    Actually, it probably would.

    Investment is a prediction of future demand, and if there;s no demand for the things Forgemaster makes above the cost of producing them then it’s a waste.

    Supply meeting Demand is the important thing, not particular physical assemblies of stuff.

  139. 139
    AC1 says:

    Nope, it wasn’t Capitalism, that was why I (and most here) was(were) against propping up Bank-rupt banks.

    We are being consistent, you are not.

  140. 140
  141. 141

    The press is for nuclear power plants that might not even get built, right?

    What does £80 million buy you? One MP.

  142. 142
    Geezer says:

    Labour voting trogs to a man.Dave has killed them off.

  143. 143
    Groucho says:

    What will become of these ‘outreach coordinators’ and the like, now the axe is being wielded? Perhaps we should have taken a leaf out of the Hitchhikers Guide to the Galaxy and built the ‘B’ Ark.

    If an adult doesn’t understand that they have the right to vote, they probably shouldn’t be allowed to vote.

  144. 144
    Sarf of the River says:

    Entrance fees? I drove up, parked in a (very large) entrance to a field along with quite a few other cars and wandered in.

  145. 145
    Captain Peacock says:

    Correct like RBS lending money to Kraft to close down Cadbury.

  146. 146
    Susie says:

    BBC’s in total denial.

    Let them continue in their LaLa Land… broadcasting crap. Dave should then hold a referendum on whether it should continue to receive public funds.

  147. 147
    Bob says:

    You can get in for free if you go down this weekend, Sunday night/Monday morning – sunrise 4:45am


  148. 148
    Compo says:

    Tony Soprano = Gordon

  149. 149
    Maximus says:

    Milipede minor is a nasty piece of work. I’m surprised people haven’t noticed, as it’s apparent from the way he shilled the carbon cult. Reminds me of Stalin sending a new bunch of guards every few months to his ‘work’ camps, whose first duty was to shoot all the old bunch.

  150. 150
    Head Lizard says:

    I said a while back this fellow was made of sterner stuff.

  151. 151
    Wine with mine says:

    Maggies spawn you got that right.

  152. 152
    Kraft says:

    We might invest

  153. 153
    Spark says:

    they’ll get built or the lights WILL go out

  154. 154
    Adrian Chiles (I suck cock) says:

    You’re right.

  155. 155
    Anonymous says:

    Apart from the extortionate parking fees charged by National Trust (a speciality of theirs). There are places to park around the village but you’re not exactly made to feel welcome.

  156. 156
    Zeberdee says:

    Boing,it’s true

  157. 157
    sockpuppet #4 says:

    AC1: Well no. Because some folks will go all silly and claim any notion that state support might be useful makes you a commie who wants to boil 300 million babies and shite like that.

    On the other hand you do seem to believe rather a lot of stuff that americans spout, and some of them seem very keen on economic nationalism and state aid/protectionism when it suits them.

  158. 158
    sockpuppet #4 says:

    yep. It will all be owned by the French Government.

  159. 159
    Sheffield Brightside says:

    I hope this isn’t being axed because it’s in a Liebour heartland & was also one of the good things Mandelson had a hand in.
    There’s a very large effnic population in the Brightside constituency who helped in securing an overwhelming vote for Liebour (along with the usual chavs & red rosette on a turd types).
    Intelligent English whites have no voice here. I guess we’re one of the early casualties of the “them & us” tit for tat spiteful party politics decision making.

  160. 160
    Ratsniffer says:

    I hope this is just the tip of the iceberg, there are hundreds of similar meaningless “projects” designed to allow labour voters to have nice secure little jobs for life sucking on the state tax teat.

    Councils need to go back to emptying our bins, not being lifestyle coaches, or having massive departments promoting cottaging and transexuality.

    There are billions which could be saved if we asked one simple question: what does this department do? would it really be missed by taxpayers if it was abolished…?

  161. 161
    sockpuppet #4 says:

    Plenty of stone rings in scotland.

  162. 162
    Bastard on Patrol says:

    That fucking Tate modern. There was a big steel plate,like the side of a ship. I touched it and some fucking jobsworth was on me like a gulag guard “Don’t touch” it’s a fucking piece of a battleship you twat. Then I noticed there was about 8 of these fuckers who asked me to leave. I was happy to oblige as I left cursing the fakeness of it and advising everyone to go to a real art gallery which are free.

  163. 163
    Bastard on Patrol says:

    The people of England own it,they are just too fucking stupid to realise it.

  164. 164
    the petals are falling from the BP flower says:

    Don’t like BP and try not to buy anything from them as they are bloody expensive,but to me what’s happening in the US now is witch hunt against Hayward in a Congressional Committee,agree make BP pay but they might as well go and get the rope ready on the nearest tree for this guy jeez.

  165. 165
    Cassandra King says:

    “we cannot spend money we do not have”

    Er, bollocks to that!

    Theres plenty of billions to waste on windmills and foreign aid and quangos and EU protection rackets, theres no shortage of cash to feed the quagmire war is there? Its a money no object scenario when billions can be wasted on global warming scams and fraud.
    The only people who will bear the cost of the cuts will be those least able to afford it, the rich will laugh all the way to the bank, landowners will watch their windmill meter clocking up taxpayer subsidies to pay for the yachts’N’champers and foreign despots will see cash rolling into their Swiss accounts.
    The political class dont do shame do they?

  166. 166
    Fukdayanks says:

    Cadburys chocolate now has GM crops and milk in it.pass it on,and fuck da yanks

  167. 167
    sockpuppet #4 says:

    I didn’t really want to take the piss but I have found that their number one priority is:

    “Organise an annual national conference to instigate a renaissance in walking as a transport choice and a beneficial form of physical activity.”

    Christ. So you can get pissed and get your leg over, like the good old days at NUS conference.

    If you’re in a bad mood about people who talk a load of shit don’t look up their top 10 aims. Especially not if you’re jgm2. (titter)

  168. 168
    kuntwatch says:

    Don’t make me laugh you paper shuffling c unt. the south east,Don’t you mean the little mafia island on the river.fuckers.

  169. 169
    Anonymus says:

    In the good old days stuff from birmingham helped us get all over the place. From Bombay to Berlin.

  170. 170
    Sarf of the River says:

    Me too, early ’70s I think.

  171. 171
    I bet Sharks are on the way now says:

    That is such a winner if I was CEO there I’ would have borrowed even on the basis of sole trader and morgaged

  172. 172
    Gook says:


  173. 173
    Looking for a rumble. says:

    They think the CEO called them dwarfs now.

  174. 174
    herewegoagain says:

    Didn’t the people in the ‘A’ Ark die, they didn’t have a service they consigned to the ‘b’ Ark??

  175. 175
    Engineer says:

    Most would agree that the private sector needs to expand, and the public sector to shrink a bit. Britain also have to compete in a global market. The Forgemasters loan was a chance to help a British company do just that; with luck, Forgemasters will find their funding elsewhere, but it might take longer. They need to have the press and associated kit operational when the demand is there – not two years later. This would have been a much better use of taxpayers’ money than propping up dead banks.

    Where’s the inconsistency?

  176. 176
    Bee Pee says:

    It might be alright if the builders had ever finished the job. Where’s the roof, for example?

    Should be free to UK citizens, but charge $20 billion dollars for the damage caused by US and Japanese visitors.

    Otherwise charge the Welsh to come and pick up their litter stones.

  177. 177
    Honest View says:

    Unsworth- right. I can never understand why people can’t read about a place before they visit, instead of seeing the information blown up and printed on huge boards in a souvenir shop and paying through the nose for it.

  178. 178
    Honest View says:

    So because a lot of money is wasted and thrown away, we should throw a lot more away?
    I was always struck, in the last 8 years or so of the NuLab spendfest, by the sheer recklessness of their waste; a sort of madness, an anxiety to give other people’s money to whoever wanted it. It was a psychological phenomenon which has not yet been given a scientific name.

  179. 179
    Equity abhors a Maxim says:

    Rather than chuckling, I felt sick at their belligerent sense of entitlement. How DARE we film them Signing In and Sodding Off!

  180. 180
    Puppet Master says:

    Mandelson had a hand up him.

  181. 181
    Bovis says:

    How about affordable visitor centres?

  182. 182
    Must get a pseudonym one day says:

    If you think Sheffield is a sink-city, just take a look at Bradford – once one of the wealthiest cities in Europe.

    They demolished the city centre 3 years ago and they’ve now let the Aussie developer just walk away without a single new unit being built and not a penny in damages. Clever contract, eh ?

    Yes, many northern cities like Sheffield and Bradford are populated with vast swathes of fast-breeder giro-junkies, but when their city councils act as incompetently as that, can you blame them ?

  183. 183
    Up sh1t creek says:

    It’s ironic that Liam “There’s no more money” Byrne is complaining about the Con-Lib coalition cuts, where there is no money to pay the vote buying Labour bribes to those that were promised money.

  184. 184
    Gordon's Brother says:

    Best leave that sort of thing to the wonderfull French. They are very good at engineering and the like.

    They run our power industry after all.

  185. 185
    Billi the Briton says:

    No you don’t.

    Now fuck off home you Euro trash.

  186. 186
    Billi the Briton says:

    Take those Roman and Norman bastards with you.

  187. 187
    Grammar School Boy says:

    Think green!

  188. 188
    David Bouvier says:

    It still has a cashflow impact and all elese being equal requires greater borrowing. You may have noticed that cashflow is an issue for the government at present.

    If you are pretty sure you will actually get paid back and the interest rate is sufficiently above your cost of capital. History says that government soft loans do not always meet these criteria.

    On your definition the Bank Bailout was the Bank Investment (of course if the shares come good then we make a profit – though you never really know if you were wise or just lucky.)

  189. 189
    David Bouvier says:

    Exactly – an up market porta-cabin should cover it.


  190. 190
    Quantrill says:

    What annoys me is that the departed government had planned to build a cut and fill tunnel to hide Stonehenge from view unless you went to their ridiculous visitor centre and paid through the nose.

    Its a handy landmark and probably an indication that local government has never been able to produce anything of use.

    The A303 could easily be dualled here without cut and fill. The land is essentially agro desert.

  191. 191
    Quantrill says:

    Try Avebury, not far from Stonehenge, free, you can touch whatever you want to and its more interesting. Stuff the jobsworths in the Stonehenge visitor centre. Give them a brush each and tell them to go paint the kerbstones between Stonehenge and Amesbury.

  192. 192
    David Bouvier says:


    Did a bit of digging on Forgemasters. Seems it was taken private in 2003 with the CEO owning 49% and much of the rest being other employees.

    He has £40m of advance orders from Westinghouse, and needs £80m but doesn’t want to give up equity or pay interest:

    “Private equity would take the whole of the shareholding away from Forgemasters and put it in the hands of somebody else,” he said, whereas

    “Bank interest rates are very high therefore we would have to make huge profits every year in order just to pay off interest on the debt. This is why we needed support from the government.”

    The steel press “was expected to boost sales from £120m to £250m a year and would have led to a big increase in profitability”. 2009 profitability supposedly £14m.

    So thats OK, or what aren’t you telling us?

    Given that existing operations – if sustainable – can service the loan they should be able to pay back a commercial loan at 6-8% over 7-8 years purely from the operating profits of the new business (if it brings in similar 11-12% cash on cash as existing business apparently does). Perfectly good commercial deal.

    Or the picture is less rosy than painted, and he might have to give up some equity. Like the rest of us.

    Bloody nerve – the man owns most of the company and wants to the government to give him a cheap loan worth oh something like £4m a year to him personally because he doesn’t want to sell equity or pay interest.

    Sounds like some Dragon’s Den loser valuing his company way to high. Who the hell does he think he is…

  193. 193
    Miss Piggy says:

    What’s green and smells of pork?
    My Kermie’s finger!

  194. 194
    Elgin's lost his marbles says:

    Was David Laws once the guitarist in London Beat?

  195. 195
    Elgin's lost his marbles says:

    I think it’s called “Socialism”.

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