There is a clear and ongoing demand for steel but Britain's ability to deliver it competitively and cleanly is far from certain - even after enormous government intervention. Sky's Paul Kelso argues the Tata deal is a wake-up call.
Both want government support to invest in their plants, a request ministers find almost impossible to resist when symbolic jobs are at stake.Government defends £500m aid for Tata
Demand for steel is not in question, but Britain's ability to deliver it competitively and cleanly is.The UK is at the start of a vast industrial transformation required to deliver net zero that can only be delivered with steel, one of the most stubbornly carbon-intensive industries.
and carbon capture technology, unproven at scale, are low carbon alternatives that can operate at higher temperatures allowing production of higher quality steel.How will the Tata deal affect jobs? The demands of the energy transition are the common theme in the government's interventions this week but they also highlight the absence of a coherent industrial strategy to guide taxpayer investment in an increasingly competitive global subsidy market.via its Inflation Reduction Act and the EU develops its Green Industrial Plan, the UK abandoned its formal industrial strategy in 2020 and its attempts to keep up appear ad hoc and reactive by comparison.
The pressing government 2030 ban on new petrol and diesel cars was behind the BMW deal and guided at least another £500m of taxpayer support for Tata, also the owner of Jaguar Land Rover, so the company would commit to
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