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| Version 1 | Version 2 |
|---|---|
| Tata Steel: Minister still 'confident' on Port Talbot rescue | Tata Steel: Minister still 'confident' on Port Talbot rescue |
| (about 1 hour later) | |
| Business Minister Anna Soubry has said she is "confident" Tata Steel's Port Talbot plant can be kept open despite uncertainty after the EU referendum. | Business Minister Anna Soubry has said she is "confident" Tata Steel's Port Talbot plant can be kept open despite uncertainty after the EU referendum. |
| In a special steel inquiry, MPs pointed to reports that Tata could withdraw the sale of the UK's biggest steelworks until it had clarity on Brexit. | In a special steel inquiry, MPs pointed to reports that Tata could withdraw the sale of the UK's biggest steelworks until it had clarity on Brexit. |
| "I'm not going to put out doom and gloom. I am going to be confident on this," Ms Soubry told MPs. | "I'm not going to put out doom and gloom. I am going to be confident on this," Ms Soubry told MPs. |
| Ministers will do "everything to keep the blast furnaces" open, she said. | Ministers will do "everything to keep the blast furnaces" open, she said. |
| Indian owner Tata has received two known bids after it put its UK steel operations up for sale in March, putting 11,000 jobs at risk. | Indian owner Tata has received two known bids after it put its UK steel operations up for sale in March, putting 11,000 jobs at risk. |
| 'Turned them around' | 'Turned them around' |
| Business Secretary Sajid Javid will fly to Mumbai this week to meet with Tata about the sale. | |
| "The relationship we have with Tata, we should not be pessimistic," she said. | "The relationship we have with Tata, we should not be pessimistic," she said. |
| "We have certainly turned them around from the position in March, which is, they were going to close it all down." | "We have certainly turned them around from the position in March, which is, they were going to close it all down." |
| She reiterated the government's commitment to help a sale by taking up to a 25% stake in Tata UK and help with the huge pension scheme. | She reiterated the government's commitment to help a sale by taking up to a 25% stake in Tata UK and help with the huge pension scheme. |
| 'Crisis' | 'Crisis' |
| However, the minister rejected MPs' suggestions that Tata UK and other steelmakers could benefit outside the European Union. | However, the minister rejected MPs' suggestions that Tata UK and other steelmakers could benefit outside the European Union. |
| MPs suggested that as an "industry in crisis", steelmakers should receive government aid - such as tariffs on cheap Chinese steel - which had previously been blocked under EU rules. | MPs suggested that as an "industry in crisis", steelmakers should receive government aid - such as tariffs on cheap Chinese steel - which had previously been blocked under EU rules. |
| Ms Soubry, who campaigned to remain in the EU, replied that such a move would be difficult if the UK wanted to stay in the single market. | Ms Soubry, who campaigned to remain in the EU, replied that such a move would be difficult if the UK wanted to stay in the single market. |
| "I can't imagine the EU would allow us to have access to the single market, but not make us party to the state aid rules," she said. | "I can't imagine the EU would allow us to have access to the single market, but not make us party to the state aid rules," she said. |
| She added that "tariff wars" were not the right way to tackle the industry's problems. | She added that "tariff wars" were not the right way to tackle the industry's problems. |