Taxpayer May Take Port Talbot Steel Stake

The taxpayer could co-invest with a buyer to save the Port Talbot steelworks, the Business Secretary has told MPs. Sajid Javid made his comments after the current owner, Tata Steel, confirmed it was contacting "many tens" of potential buyers for the South Wales site - adding that it would prefer one buyer. Earlier on Monday, the company said it was selling its Long Products steel business to Greybull Capital, potentially saving over 4,000 jobs at a number of sites in the UK and France.