|Labour in Cardiff have Failed our Steel Workers but still want your votes,|
“The Welsh Government claims that no money is available but several hundred millions are reportedly squirrelled away as a ‘war chest’ of unallocated reserves for local government reorganisation (LGR).
Instead of using it to pay for the redundancies of local government senior managers why not use it instead to avoid the redundancies of steel workers, buying an equity share for Welsh citizens in a new Welsh Steel Company.”
“This sort of baseless speculation is deeply unhelpful to the process of trying to respond to the current crisis.
“We need people working together on the basis of facts, not made up numbers.”
“There is a £600m unallocated reserve in their budget for next year - as it’s unallocated then the only thing we can do is speculate as to its purpose.
“A local authority chief executive told me that a similar figure had been allocated as a reserve for LGR.
“Mindful of the typical deny-and-defend response from the Welsh Government I identified two other sources of Welsh Government cash in the article, both of which could be used as alternatives for a medium-term strategy for the Welsh steel industry.
“Bear in mind also that this money would be invested over a number of years.
“The turnaround plan has an investment schedule over the course of a decade not a single financial year.”