The Daily Mail reports that George Osborne and David Cameron were accused of being more concerned with courting China than the fate of Tata steelworkers after it emerged they opposed a 66 per cent tariff.
Source: UK ‘blocked’ EU bid to raise China steel tariff that could have protected industry | Daily Mail Online
Once again we see that Osborne is quicker to appease his chums in the city than protect British industry and British jobs. Osborne’s reliance on monetary policy and austerity has provided little incentive to stimulate investment and create jobs. What about increasing exports and the competitive position of the UK with skills improvement?