Election 2024: Starmer won’t put figure on keeping Port Talbot steelworks open Battle for No10 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.
Port Talbot is what happens when governments let industries fail Virginia Sentance The closure of the iconic blast furnaces proves we need an industrial strategy fit for the modern age, says Virginia Sentance For generations, two blast furnaces shaped Port Talbot’s skyline. This year they are shutting down, threatening 2000 jobs, not to be replaced with an alternative until 2027. Despite talks with the Government, trade unions, [...]
Creeping steel demand could threaten UK offshore wind projects ENERGY Rising demand for steel in the UK, and the potential price spikes that could follow, could delay the future expansion and development of British offshore wind projects, a new report has warned.
The ‘biggest climate law ever’? What CBAM means for the UK December 19, 2023 “The biggest climate law ever in Europe, and some say in the world,” Peter Liese, lead negotiator for the European Parliament said. In reference to the Paris Agreement? Europe’s New Green Deal? Biden’s IRA? Nope – Liese was describing the carbon border adjustment mechanism, known to nerds by the catchy acronym CBAM. This wonkish-sounding legislation [...]
It would be senseless to delay a tax supported by greenies and the steel industry November 16, 2023 Implausible though it sounds, businesses in Britain are clamouring for a new tax this Autumn Statement. Even more unlikely, both heavy industry and environmentalists are aligned in wanting it. That’s right, the unsexily-titled carbon border adjustment mechanism (which parades around the punchy acronym CBAM) has managed a feat few thought possible: the union of greenies [...]
British Steel: £1.25bn green furnace upgrade announced as 2,000 job losses feared November 6, 2023 British Steel has announced plans to shut its blast furnace in Scunthorpe in its bid to go green with £1.25bn upgrade plans.
Tata Steel: Up to 3,000 Port Talbot jobs saved – for now November 1, 2023 Up to 3,000 steelworkers at Tata Steel’s Port Talbot plant have been granted a temporary reprieve after an expected announcement on job cuts has apparently been pulled.
Sector and unions welcome Labour plans to invest £3bn in UK steel industry October 23, 2023 If Labour is elected, the party says the UK's steel industry can expect a £3bn investment.
UK will not follow Biden’s ‘subsidy bowl’ economic policy, Chancellor says September 16, 2023 The government’s £500m intervention into Britain’s biggest steelworks is not a sign that ministers are set to follow Joe Biden’s “subsidy bowl” economic policy, the Chancellor has said. Jeremy Hunt insisted that the financial backing for Tata, the Indian conglomerate owner of the Port Talbot steelworks in South Wales, came after “very credible commitments” were [...]
Tata: 3,000 jobs at risk despite government pumping £500m into UK’s biggest steelworks September 15, 2023 The Government is to pump up to £500 million into Britain’s biggest steelworks as part of plans to produce “greener” steel which could also hit thousands of jobs, sources have said. Tata, the Indian conglomerate that owns the Port Talbot steelworks in South Wales, will use the funding to help switch the plant’s two coal-fired [...]