Welsh Billionaire: I'd Help Fund Tata Buyout

Welsh billionaire Sir Terry Matthews has told Sky News he would be willing to put forward some of his own money to help a management buyout of Tata Steel's UK business. Sir Terry said he believes plants like the one in Port Talbot, south Wales, can return to profit, and is backing a bid which could potentially save thousands of jobs. He was speaking after the UK and Welsh governments said they were prepared to take a stake of up to 25% to support a future takeover of the company.