British Steel losing £1.3m a day and there is no 'credible' survival plan yet, MPs warn

British Steel losing £1.3m a day - and there is no 'credible' survival plan yet, MPs warn

British Steel costs £1.3m of taxpayers' money a day to support, after the government intervened to save the blast furnace from closure in April 2025.

British Steel losing £1.3m a day – and there is no ‘credible’ survival plan, MPs warn

The government must publish a “credible” plan for the future of British Steel, MPs have warned. المصدر: skynews business The post British Steel losing £1.3m a day – and there is no ‘credible’ survival plan, MPs warn appeared first on khbrknews.

Ministers savaged over £500m losses at state-owned British Steel

In a damning report, the Commons public accounts committee said the government was 'unable to articulate' a business plan for the troubled firm, which was nationalised more than a year ago.

Labour told British Steel needs proper rescue plan after £600million spent on Scunthorpe plants

Labour must come up with a plan for British Steel’s future “beyond simply propping up the company with public money”, MPs have warned. The Scunthorpe plant had already cost more than £600million of public funds before it was nationalised in July, the Public Accounts Committee (PAC) said. It is still costing £1.3million a day to run “without a clear end date in sight”, leaving taxpayers “exposed to significant and growing costs and uncertainty”, …

Call for clear plan over future of British Steel to secure sector and 4,000 jobs

A clear plan must be published over the future of British Steel, MPs warn today, amid concerns over uncertainty and “significant” taxpayer costs.

Find a credible plan for British Steel, ministers told as ‘startling’ costs soar

Government spending watchdog warns of price of keeping publicly owned firm in business Labour has been urged to lay out a credible plan for the future of British Steel, as the government spending watchdog warned of the “startling” costs of keeping the struggling manufacturer in business with no…