Fears thousands of jobs could be lost if Liberty Steel goes under

One of the most immediate issues facing MPs in ‘Red Wall’ constituencies is the future of the steel industry, amid fears that thousands of jobs could be lost if Liberty Steel goes under.

The Business Secretary Kwasi Kwarteng has insisted that “all options are on the table”, but Labour has demanded more clarity.

Ministers turned down a request from Liberty Steel’s parent company for a £170 million emergency bailout following the collapse of their main financial backer.