News Formal

Investment in Port Talbot cannot come soon enough, but it might be the last roll of the dice

  • 📰 SkyNews
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 67%

United States News News

United States United States Latest News,United States United States Headlines

Sajid Javid, Jacob Rees-Mogg, Greg Clark, Rishi Sunak, Grant Shapps and Kemi Badenoch: the list of Tory chancellors and business secretaries who have sought to unlock the puzzle of the British steel industry's future in recent years is almost as long as the number of active production facilities remaining in Britain.

Negotiations over a revised deal that would contribute £500m of public money are, apparently, close to a successful conclusion.

It wouldn't be without cost, though - and not only in terms of the nine-figure sum being provided from the public purse. These wouldn't be immediate, but well-placed observers say that a reduction in Tata Steel's UK workforce from 8,000 to around 5,000 is conceivable in the coming years.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 35. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

How to make your degree worth the investmentThe price of higher education
Source: TheEconomist - 🏆 6. / 92 Read more »

Joe Crowe welcomes Carrick Rangers investment but issues an on-field warningAmerican businessman Michael Smith became the majority shareholder at Carrick last week
Source: BelfastLive - 🏆 16. / 77 Read more »