Government Have Just Found out China is Not Our Friend.

Well, the rumours were that the Chinese owners of "British" Steel were running down stocks of raw material in an attempt to put the steel plant out of production. 

I've blogged before about my hate of foreign companies owning UK strategic assets. Whether it's steel production, ports, nuclear power stations, power and water utilities, I find that allowing foreign companies to own major or strategic assets unthinkable for any UK government. 

Because the foreign companies do not have our best interests at heart. 

For instance the foreign owners of water companies don't care of they dump raw sewage into our rivers, because they've no interest in this country at all. 

The only consideration they have is making a profit. At any cost. Even if that means ruining the company. 

For instance the water companies are being saddled with increasing debts to pay off dividends to shareholders and the company itself is being starved of investment and run into the ground. 

In the case of British Steel, the owners are deliberately running the company into the ground in order to close the last remaining major steel plant in the UK, so we become reliant on foreign steel supplies.

Supplies that can be interdicted and destroyed, products that have strategic importance: armour for tanks and other armoured vehicles. Don't think for a minute that the recipe for that military grade steel hasn't been shipped to China.

I can't believe how idiotic our government is in opening ownership of strategic assets up to geopolitical opponents. There should be limitations on ownership of strategic assets like ports, drinking water providers, power companies, nuclear reactor builders, military shipbuilders.

These are the companies that we need to be apart from malign foreign influence. They must be given special status. NOW.