Corporate welfare and the British steel industry

BIS Select Committee criticises UK government of failing to protect British steel

The government is being accused of failing to respond early enough to warnings about a crisis in the steel industry, where thousands of jobs have been lost in recent months.
The Commons Business Select Committee says other countries have taken steps to protect their steel makers from cheaper Chinese imports.

Iain Wright, chair of the committee stated that:
“For too long the government failed to be alert to the alarms raised by the industry and act at home to maintain a steel industry in the UK when other European countries were acting to safeguard their own strategic steel industries,”

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