British Steel has agreed not to make any of its 4000-strong workforce redundant during talks with ministers about a financial aid package, Sky News learns.
Politics live: Jeremy Hunt's notes are readable in official photos as he 'shreds' Liz Truss's economic plan
"This is in addition to extensive support we have provided to the steel sector as a whole to help with energy costs, worth more than £780m since 2013." Industrial consumers of energy have complained for months that soaring prices are imperilling their ability to continue operating. An agreement to provide substantial taxpayer funding to a Chinese-owned business, however, would almost certainly provoke outrage among Tory critics of Beijing.
"We welcome the recent announcement by the UK government to reduce energy costs for businesses and remain in dialogue with officials to ensure we compete on a level playing field with our global competitors." As part of the deal that secured ownership of British Steel for Jingye, the Chinese group said it would invest £1.2bn in modernising the business during the following decade.
Danmark Seneste Nyt, Danmark Overskrifter
Similar News:Du kan også læse nyheder, der ligner denne, som vi har indsamlet fra andre nyhedskilder.
'The closest you can get to space travel on Earth’America's former industrial powerhouse may not be the most obvious destination for those looking to the stars – but dreams are being made (and built) in the Steel City Inside Pittsburgh’s extraordinary new Moonshot Museum 🚀⬇️
Læs mere »
Is government plan to cap revenues of renewable electricity generators a windfall tax? - Full FactJacob Rees-Mogg has repeatedly denied that a new government policy proposal is a windfall tax. While there are some differences between the recent policy and what is thought of as a traditional windfall tax, experts told us they're very similar.
Læs mere »
Christmas strikes threat after Royal Mail announce up to 6,000 job cutsUnion members accused the Royal Mail of ‘essentially bullying’ its workers and threatened strike action over Christmas - a move that will cause chaos over the festive period
Læs mere »
Cardi B’s Birthday Outfit Is An Ode To Caribbean Carnival StyleThe rapper celebrated her 30th birthday in a giant feathered headpiece.
Læs mere »
Burger King rivalling McDonald's with launch of new menu itemBoth fast food giants will launch new burgers this week
Læs mere »
Newspaper headlines: 'Hunt takes control' amid 'secret plot to oust PM'The new chancellor's plan to delay Liz Truss's income tax cut dominates Sunday's papers.
Læs mere »