Cost of taking over British Steel rises to £235m, government says

The GuardianThursday, October 16, 2025 at 12:50:10 PM
Cost of taking over British Steel rises to £235m, government says
The UK government's financial commitment to British Steel has escalated to £235 million, highlighting the ongoing struggles of the loss-making company. This increase comes amid rising concerns about potential EU tariffs that could further jeopardize its future. The situation underscores the challenges facing the steel industry and the government's role in stabilizing it, raising questions about the long-term viability of such interventions.
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