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Old 6th Nov 2014, 18:06
  #1641 (permalink)  
Fairdealfrank
 
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So how is EU policy to blame for Manston's closing? Thought that was down to Free market economics??
Think the poster was implying that there is no level playing field in the EU, and that the UK is at the wrong end off that playing field.

George Osborne appears to agree: "the EU is not working for Britain".

Obviously there are exceptions, but generally the EU prohibits member countries from providing state subsidies to industry and enterprises.

The idea is that firms that get into temporary trouble have to go the wall, tough luck. Again there are exceptions, e.g. the casino banks.

It's all part of the single market, and the inability of member countries to what they see fit and be in charge of their own destiny.

Just a thought about the most famous "lame duck" of them all, Rolls Royce. It went "belly-up" in 1971 and was nationalised/bailed out by the Edward Heath government. We joined the EEC/EC/EU in 1973.

Had it happened in 2001 instead of 1971, there would be no Rolls Royce.
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