Pensions Putting Off Tata Buyers, Javid Says

Several potential buyers of Tata Steel's UK assets have told the Government they would not be willing to take on the company's pensions liabilities. Business Secretary Sajid Javid made the claim as he appeared before a committee of MPs to discuss plans for the sale of the British arm of the firm. The Government said it is working with the pension scheme trustees of Tata Steel to reduce the impact on any buyer, including whether it could separate the scheme from the business.