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Port Talbot, Neath, Wales Uk circa 1981. British Steel Corporation Port Talbot steel mill complex. Port Talbot in the 1930s was known as Treasure Island, due to high wages and high employment; by the late 1980’s it was renamed by some as Gyro City. British Steel Corporation a nationalised industry was a loss making major employer in the town. The Conservative governments cuts to subsidies were intended to create profitability.
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