Labour’s four point plan to rescue the UK steel industry
Today Labour announces its four point plan to stabilise the steel industry and provide security for steel workers.
John McDonnell, Labour’s Shadow Chancellor, commenting on the launch of Labour’s four point plan, said:
“The Tories are in total disarray and have failed to get to grips with the steel crisis. Steelworkers and the industry can’t afford to wait for them to get their act together, so Labour is getting the ball rolling. This plan is a good starting place for a framework by which we can hopefully get cross-party agreement to find a solution to stabilise the industry and secure the workforce.”
Labour’s four point plan:
1. Stabilise the industry and provide security for steelworkers.
2. Create a level playing field for steel - initiate a review into tackling costs hitting the sector from high business rates and energy costs.
3. Fast-track key infrastructure projects requiring large amounts of steel
4. Engage with the workforce, management and customers to turn around the industry, laying out a strategy for the steel industry in the 21st century.