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Port Talbot management 'in steelworks takeover bid'

There are reports of a potential management buyout of the steelworks in Port Talbot. It's understood Stuart Wilkie, Managing Director of Tata Strip Products UK, is heading up a buying team alongside other staff members.

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MPs prepare for emergency debate on steel crisis

The UK Government may 'co-invest' to save Port Talbot steelworks Credit: Ben Birchall/PA Wire/Press Association Images

There will be a debate in the Commons today on the steel crisis. The Speaker, John Bercow, granted Labour's request for a three-hour emergency debate on the UK steel industry.

The Business Minister, Anna Soubry MP, will face questions from Welsh MPs Credit: Yui Mok/PA Wire/Press Association Images

Meanwhile, the Business Minister, Anna Soubry MP, will be questioned by Welsh MPs about the UK Government's response to the crisis:

As talks continue to decide the future of the steel plant in Port Talbot, we have invited the minister to appear before us to provide assurances that the government is working hard to save such a vital employer in south Wales.

We will be asking what support the government is prepared to offer to ensure the short-term survival of the plant. The session will also examine how the national steel industry can be supported in the long-term, looking in particular at how it can be protected from high energy costs and the effects of market "dumping".

– David TC Davies MP, Chair, Welsh Affairs Committee
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Port Talbot management 'in steelworks takeover bid'

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