Responding to British Steel’s announcement that it has the ‘required liquidity’ whilst it ‘works towards a permanent solution’, Labour and Co-operative MP for Redcar, Anna Turley, said:

“I am pleased Greybull have been able to secure the money needed to give British Steel a fighting chance and this will come as a relief to the 700 workers and their families on Teesside.

“But, whilst this is positive news, it does not absolve the government of a need to act. We must have a proper strategy for steel with a sector deal, putting in place the level playing field on issues like business rates and energy costs – the things the industry has been asking for over many years now.

“We cannot keep lurching from crisis to crisis like this. Steel is a key industry underpinning British manufacturing and supports thousands of jobs. It must be supported to thrive.”

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