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MPs set for emergency steel crisis debate in Commons

MPs are set to hold an emergency debate to discuss the current steel industry crisis facing the UK as the future of British steel continues to 'hang in the balance'.

It comes as the Government said on Monday it could look at the possibility of co-investing with a steel buyer "on commercial terms" to help secure a sale.

Business Secretary Sajid Javid said the "Government stands ready to help" as he addressed the Commons on the issue after Tata Steel announced a deal with Greybull Capital to buy its Scunthorpe plant and save 4,400 UK jobs but no deal was yet secured for other UK plants.

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Jeremy Corbyn 'deeply concerned' at Tata decision

Jeremy Corbyn has called on the government to intervene in Tata Steel's decision to sell its UK assets. Credit: PA

Labour leader Jeremy Corbyn said he was "deeply concerned " by the news from Tata and has called on the government to intervene.

"The Government must intervene immediately to protect UK jobs and British manufacturing," he said.

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