UK recalls Parliament as British Steel faces daily £700,000 loss, govt aims to take control
Edited By WION Video Desk
Published: Apr 12, 2025, 15:40 IST | Updated: Apr 12, 2025, 15:40 IST
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The UK Parliament has been urgently recalled as British Steel faces financial turmoil, reportedly losing £700,000 every single day. The government is now weighing emergency legislation, including possible state ownership and co-investment, to save the iconic industry. Trump's tariffs have also worsened export challenges, further pushing the plant toward a potential shutdown.
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