School of Applied Social Science

If the banks were too big to fail, why isn’t the British steel industry?

Alex Simpson, University of Brighton The financial crisis of 2008 taught us that markets fail. But the current plight of the steel plant in Port Talbot, Wales, shows how not all markets fail equally. Eight years ago the UK treasury pumped £850 billion into a failing banking industry. Teetering on the brink of collapse, the…

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