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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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Government 'open to idea of minority stake' in Tata Steel

The government is "open to the idea" of taking a "minority stake" in the rest of Tata's steel business, a source in the Department of Business has told ITV News.

It comes after Sajid Javid told the Commons that the government could look at "co-investing" with a steel buyer on "commercial terms".

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