Sheffield Forgemasters and Other Solutions
The new Coalition Government of the UK (the "Lib Cons") has recently made several fairly controversial spending cuts, mostly focusing on items which the outgoing government decided to spend in the last few weeks of its existence. Some of these were indeed pure pork barrel or "scorched earth" items, but one or two were booby traps, in that something bad would genuinely happen if they were cut, as an incoming government (and Labour was expecting it to be pure Tory) could be predicted to do. One of these was a loan of £8 oM (not strictly spending, therefore) part of an overall £140M finance package to enable a company called Sheffield Forgemasters to build a 15,000 ton press capable of forging very large steel castings. (One cannot simply cast steel as if it were bronze: to have strength, the casting has to be heated up and walloped a bit.) Currently, the only firm that can cast and forge single steel components of the size required for the new generation of nuclear ...