Net Zero targets blamed for £500million taxpayer bill as carbon levies come into force

Net Zero targets blamed for £500million taxpayer bill as carbon levies come into force

British taxpayers could face annual costs of up to £500million to keep Britain's last remaining blast furnaces operating, according to new projections from industry body UK Steel.The warning centres on the Scunthorpe steelworks, which is now under Government ownership and faces rising costs linked to the UK’s planned Carbon Border Adjustment Mechanism.Industry representatives have cautioned that changes to Treasury policy could leave the plant c…