Reynolds puts finishing touches to £1.25bn Port Talbot deal
Monday, 9 September 2024 Ministers are racing to finalise a £1.25bn deal with Tata Steel, the owner of Britain's biggest steelworks, amid fading hopes of a similarly consensual agreement with the industry's second-largest player.
Business Secretary Jonathan Reynolds announces a “better deal” for workers at Tata Steel’s site at Port Talbot which includes improved redundancy terms and the offer of a skills package. Report by Blairm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at...
Business Secretary Jonathan Reynolds says the Conservative leader is wrong to say she had negotiated a modernisation plan with British Steel for electric arc furnaces at Teesside and Scunthorpe. Ms Badenoch posted on X on Friday saying as business secretary in the last Conservative government she had negotiated the proposal, but it was "bungled" by Labour. After intervening, Ms Badenoch says: "Labour cannot negotiate. We were negotiating a modernisation deal that would have had limited job losses, just like we had in Port Talbot”. Report by Blairm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Monday, 9 September 2024
Ministers are racing to finalise a £1.25bn deal with Tata Steel, the owner of Britain's biggest steelworks, amid fading hopes of a similarly consensual agreement with the industry's second-largest player.
![Minister clashes with Badenoch over steel deal claim [Video]](https://video.newsserve.net/300/v/20250412/1407876024-Minister-clashes-with-Badenoch-over-steel-deal-claim.jpg)
