• Friday, December 09, 2022

HEADLINE STORY

Johnson says government will do everything to save jobs at Liberty Steel

Prime minister Boris Johnson. (Photo by Paul Grover – WPA Pool/Getty Images)

By: Sattwik Biswal

BRITAIN prime minister Boris Johnson said the government will do everything to save jobs at Sanjeev Gupta’s Liberty Steel, which is struggling after the collapse of Greensill Capital.

The steelmaker’s future is in doubt after the collapse of Greensill, the major financial provider to Gupta’s GFG Alliance, which owns Liberty.

“The government will do everything to ensure that we continue with British jobs producing British steel,” Johnson said.

In order to find a way forward for Liberty and 5,000 people who work in the UK, he said the business secretary Kwasi Kwarteng has met the representatives from the company thrice. “I also share the anxiety of the families of steelworkers,” Johnson added.

Sir Keir Starmer, the Labour leader, has asked the government to do “whatever is necessary” to save jobs. Johnson also said that steel industry has bright potential in the future with lot of projects lined up and that will “call for millions and millions of tonnes of British steel”.

Meanwhile, Fergus Ewing, Scotland’s rural economy minister, told the Scottish parliament yesterday (24) that they too are not “leaving no stone unturned” in considering options to safeguard the future of Liberty Steel.

The Greensill collapse has also put former Britain prime minister David Cameron in a soup, with him being investigated after he campaigned for UK government’s help for the supply chain financier.

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