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 cost of taking over British Steel has escalated to £235 million, raising concerns among taxpayers who have been supporting the struggling company since April. This increase comes amid fears of potential EU tariffs that could further jeopardize the business's future. The situation highlights the financial burden on the government and the uncertainty surrounding the steel industry, making it a critical issue for both the economy and workers involved.
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