"The government has no proper plan for steel. The threat of crippling 50% EU tariffs is yet more evidence that Keir Starmer has totally failed the industry. He pledged to 'give UK steel its future back' and keep tariffs down. Instead, steel workers have been hung out to dry on the international stage, while facing higher costs at home thanks to Labour's tax grabs and overregulation."
"UK steel must be backed for the long term, the current piecemeal approach to our steel industry isn't working. Without delay the UK must introduce strict rules to ensure that all UK infrastructure developments and all public sector projects must use domestically produced steel. This must be the first step in protecting a foundation industry which is critical for the economic success of our nation and vital for our national security."
Keir Starmer announced a new deal with the European Union intended to reset post-Brexit relations. The European Commission plans to raise steel tariffs from 25% to 50% and cut nearly half the amount of steel that can be sold tariff-free. The British steel industry directly employs 33,700 workers, with about 42,000 more in the wider supply chain, placing roughly 80,000 jobs at risk. UK Steel described the move as perhaps the industry's biggest crisis. Opposition and union voices accuse the government of failing the sector and demand urgent measures such as domestic procurement rules and stronger long-term support.
Read at London Business News | Londonlovesbusiness.com
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