The Guardian18 Sep 2026AI generated
UK public accounts committee says ministers have no credible plan for British Steel's future, with costs "startling" and open-ended.
- £1.3m a day to keep company running; total could reach £1.5bn by 2028
- £555m already spent by mid-June on wages and raw materials, excluding advisers
- Committee: no indicative estimate of ultimate taxpayer cost or duration
- Nationalised July after 15 months of government support for Scunthorpe works (4,000 jobs)