Published 1 year ago

UK steel industry a whisker away from collapse

Summary by Ground News

Unite accuses the government of taking "little meaningful action" to help the industry. It has written a letter to Business Secretary Grant Shapps seeking an urgent meeting to push for more support. The government said it was committed to securing a sustainable and competitive future for the UK steel sector.

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BBC News

UK steel industry a whisker away from collapse

Unite has written a letter to the Business Secretary Grant Shapps seeking more government support.

1 year ago·United Kingdom

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The Guardian

Jeremy Hunt poised to approve £300m support package for British Steel

Grant would help steelmaker cut its carbon footprint and avoid thousands of jobs losses

1 year ago·London, United Kingdom

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Shropshire Star

Treasury ‘considering plans to inject £300m into struggling British Steel’

The Government is considering a plan to funnel nearly a third of a billion pounds towards British Steel to save the struggling metal maker from collapse.

1 year ago·Ketley, United Kingdom

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Evening Standard

Treasury ‘considering plans to inject £300m into struggling British Steel’

The firm’s Chinese owner would have to invest another £1 billion by 2030 under the deal, according to a source.

1 year ago·London, United Kingdom

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Sky News UK

Hunt poised to approve £300m grant in bid to avert British Steel collapse

Jeremy Hunt, the chancellor, is close to agreeing to a £300m funding package for Britain's second-biggest steel producer in a move which could avert the loss of thousands of jobs, Sky News learns.

1 year ago·United Kingdom

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