Last-ditch deal with US investment firm could safeguard up to 1,500 jobs at Yorkshire plant
Last-ditch deal with US investment firm could safeguard up to 1,500 jobs at Yorkshire plant
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The Government will step in as administrator if factory cannot secure BlackRock rescue deal
Move sets up clash between metals magnate and creditors including UBS that are owed hundreds of millions of dollars
Without immediate and continuing government support, the steel industry’s existence could be measured in months
The government has taken control of the plant until a buyer is found
Tata’s reliance on steel made outside the UK puts it at risk from US import taxes
Business secretary announces new ‘steel safeguards’ during visit to Tata’s Port Talbot plant
