Jonathan Reynolds responds to the Tata Steel £500m support package resulting in big job losses

Jonathan Reynolds MP, Labour’s Shadow Business and Trade Secretary, responding to the Tata Steel £500m support package resulting in big job losses, said:

“Only the Tories could spend £500m of taxpayers’ money to make thousands of British workers redundant. Britain needs an Industrial Strategy that invests alongside industry delivering a return on taxpayers’ investment whilst protecting our national capabilities and workforce. The Conservatives have presided over a decade of failure when it comes to steel with 13,000 fewer steel workers now than under a Labour government.  

“Labour have pledged £3 billion for investment alongside industry to decarbonise steel in partnership with workers and industry investing in a range of technologies to ensure we have the clean steel we need to rebuild Britain. Labour's plans will seize the opportunities of the future and reindustrialise Britain providing good jobs for decades to come."