MPs are to launch an inquiry into the UK’s steel industry after the collapse of one of the sector’s biggest firms.

The move by the Business Committee follows the liquidation of British Steel last month and concerns about the impact of Brexit on the steel industry.

The committee will look at the role of former owner Greybull Capital, and the government, in the company’s collapse.

MPs said they wanted to hold public evidence sessions with Greybull and the business secretary, among others.

British Steel was placed into compulsory liquidation on 22 May, putting 5,000 jobs at risk and endangering 20,000 in the supply chain.

It followed a breakdown in rescue talks between the government and private equity firm Greybull.

The government is covering the firm’s wage bill for now, but if

Read More At Article Source | Article Attribution