Britain’s economy can’t run on industrial nostalgia Opinion Just because an area like Port Talbot once supported a particular industry like steel, there’s no reason the state must ensure it always does, says Eliot Wilson When the government announced last month that it would give Tata Steel £500m to modernise its facility in Port Talbot, I noticed a revealing remark. The business and [...]
Port Talbot shows what ‘tough decisions’ really look like Opinion The government’s £500m rescue package for the Port Talbot steelworks is an unsatisfactory trade-off between job losses and industry efficiency, says Eliot Wilson Was it a welcome reprieve or another sad measure of decline? Last week the business and trade secretary, Jonathan Reynolds, announced a revised deal with Tata Steel to provide a £500m subsidy [...]
Steel group warns Labour’s industrial strategy must ‘go much further’ amid UK exit threat Business ArcellorMittal has threatened to quit the UK over a protracted dispute surrounding the redevelopment of a commercial port in south-East England.
UK agrees £500m funding deal with Tata Steel September 11, 2024 The government will invest £500m into Tata Steel’s UK operations alongside an “improved deal” for workers to support the transition to greener steel production, business secretary Jonathan Reynolds confirmed today. Workers at the country’s biggest steel plant in Port Talbot, south Wales, will receive “improved” redundancy terms and the offer of a skills package, he [...]
Tata Steel: Ministers pledge £13.5m to protect jobs as ‘all options on the table’ August 15, 2024 The government has pledged £13.5m to help workers amid Tata Steel job losses, as a minister vowed “all options are on the table”. Funding will go to supporting supply chain businesses and workers affected by job losses in connection with the Indian-owned manufacturer changing its production systems. Tata is switching to a greener form of [...]
Tata Steel: Labour will ‘make sure’ job guarantees a part of Port Talbot deal July 7, 2024 Tata has closed one of two massive blast furnaces at Port Talbot and has plans to shut down the second in September.
Election 2024: Starmer won’t put figure on keeping Port Talbot steelworks open July 4, 2024 Sir Keir Starmer has refused to say how much money he would be willing to spend to prevent Tata Steel’s Port Talbot plant closing.
Tata: Unite suspends overtime ban and all-out strike at steel giant July 1, 2024 Unite has suspended an overtime ban and a planned all out strike at steel giant Tata over job losses, the union announced.
Tata and unions in eleventh hour talks over early Port Talbot closure June 30, 2024 The company enraged unions last week after it revealed plans to bring forward the closure of its blast furnaces in south Wales due to strikes.
Tata Steel ‘apprehensive’ of election’s impact on £1.25bn Port Talbot plans June 11, 2024 Tata Steel has raised concerns about the impact the UK's General Election on July 4 could have on its £1.25bn plans at its Port Talbot site.