RE: labour slams ‘unacceptable’ delays to royal navy warship overhaulrefits of type 23 frigates by defence contractor bab**** are now taking up to four years11 Sep 2023 19:01
Laughable that people talk about JW holding out for a better finance deal. He's a price-taker, not a price-maker, and every day that passes sees the debt and concurrent risk grow, along with the cost of money. I posted here on the day that it was launched that the only hope for this company was funding from the UKIB, but this is not a charity and HARL has always been a charity case.
JW gambled on public money being forthcoming when he bought the hideous white elephant that is H&W Belfast; when that didn't work, he doubled down on the other yards. As the song goes, "Every gambler knows...".