The best thing we can do is make sure more people know this isn’t a “Brexit-related loss”, this a globalism-induced loss.

LONDON, United Kingdom – With the announcement that British Steel is days away from collapse failing a major UK government bailout, media organizations are already trying to point the finger of blame at Brexit – which hasn’t even taken place – for the failings of the privatized firm.

Thousands of jobs in the steel sector and more across the corporation’s supply chain will be lost if the government doesn’t bail British Steel out. But should it?

The company is run in private, and for profit. When small and medium small profits fail, they don’t receive government bailouts.

The real blame lies with the European Union itself, as well as Chinese dumping, oversupply, and the sale of core British manufacturing sector companies in the name of neo-liberal economics and globalism.

This alone should have caused Theresa May to walk away from the negotiating table six months ago…

THE EUROPEAN UNION

The European Union (EU) – not Brexit – should take most of the blame for the demise of British Steel.

The bloc removed Britain from its EU Carbon Emissions scheme in 2018, before Brexit had occurred. This left British Steel scrambling to find €110m ($112m) to purchase carbon permits. This alone should have caused Theresa May to walk away from the negotiating table six months ago, in favor of a World Trade Organization Brexit which could have helped protect the UK from further trade aggression from the EU.

Instead, and knowingly, she chose to keep “negotiating” around her fake-Brexit “Withdrawal Agreement”.

The EU Emissions Trading System (ETS) is an EU-wide policy to gouge businesses in exchange for them “offsetting their carbon footprint”. The anti-business policy could see prices of carbon doubling by 2021 and tripling in the next 12 years.

Another EU plan causing British Steel trouble is the major pro-China stance the bloc has taken, the antithesis of President Trump’s position on the matter. The U.S. President has decided to bring manufacturing jobs back to the United States instead of outsourcing the nation’s backbone to China or India.