UK took control of British Steel before assessing costs to taxpayers, letters show

UK took control of British Steel before assessing costs to taxpayers, letters show

‘Ministerial direction’ raises questions over the price of saving country’s last two blast furnaces

ONS set to weigh up cost to public purse of British Steel rescue

The UK’s official statistics body has begun an assessment of the cost of running British Steel since the loss-making business was rescued by the government, City AM can reveal, in what could prove to be another blow to Chancellor Rachel Reeves’ fiscal targets. The UK’s top statistician Professor Sir Ian Diamond said the Office for National Statistics was considering whether British Steel, which was on the verge of collapsing earlier this month, …