Tata claims steelmaking in south Wales at risk if £500m subsidy is delayed

1 week ago 13

Shadow business secretary calls on Indian company to restart talks with potential Labour government

Tata Steel has claimed that steelmaking in south Wales could be “at significant risk” if a £500m subsidy package is delayed, after shadow business secretary Jonathan Reynolds called for it to restart talks with a potential Labour government.

The Indian company said it was concerned that the government support to replace the polluting blast furnaces with cleaner electric versions may be “put in peril” during the general election campaign, in a statement to London’s stock market on Tuesday.

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