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The Tata steel rescue is a reminder the UK needs an industrial strategy – not just piecemeal funding

September 15, 2023
Source: news.sky.com news.sky.com
News Snapshot:
Business secretary Kemi Badenoch has had a busy week. It started on Monday with a £75m cheque to BMW to secure 4,000 jobs tied to future production of electric Minis at its Oxford plant. It ends with a £500m subsidy to sweeten the decarbonisation, by Indian industrial giant Tata, of its Port Talbot steel plant - a move that may in time cost 3,000 jobs, as new electric arc furnace technology is lower on manpower, as well as emissions. As a consequence, unions have slammed the deal because it sustains steel production in South Wales but not all the jobs...
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