How disappointing can one get with the current UK government? I know that if we lived in France, Germany or even Italy, no way would they let one their bastions of industrialisation a.k.a a Steel Industry die a slow and painful death.

Rules may be Rules, but for heavens sake, the British government needs to have some backbone and put some money into British Steel and save it from disappearing forever.
Private Equity will have made millions from this debacle, as they have done with other such disasters.