Find a credible plan for British Steel, ministers told as ‘startling’ costs soar
The National Audit Office says the cost of supporting British Steel has risen sharply, urging ministers to present a viable rescue plan. It warns that continued public ownership could cost billions, and stresses the need for a clear strategy to ensure the firm’s financial sustainability. The watchdog called the price ‘startling’ and warned of further taxpayer exposure without a robust turnaround.