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UK losing £1.3mn daily on nationalised steelworks

The UK is reportedly losing £1.3 million per day on nationalised steelworks, prompting criticism from MPs regarding the lack of a clear plan for British Steel.

  • The UK is reportedly losing £1.3 million a day on nationalised steelworks.
  • MPs have criticised the absence of a plan for British Steel.
  • Ministers are considering new interventions in the steel sector.

The UK is reportedly incurring daily losses of £1.3 million on its nationalised steelworks. This financial drain has led to criticism from Members of Parliament, who have highlighted the lack of a clear plan for British Steel.

Ministers are currently evaluating potential new interventions within the steel sector.

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