Days after the government abandoned a formal industrial policy, instead preferring a rebranded “planning for growth” strategy, ministers face a conundrum: if Liberty Steel and the UK interests of Sanjeev Gupta’s sprawling GFG Alliance metals empire is teetering on the edge, what can, or will, they do to step in?
The tentacles of the British end of the Gupta empire spread wide and deep, producing steel and aluminium as a so-called foundation industry for many other parts of the economy’s industrial and manufacturing sectors.
Emergency meetings have taken place between Kwasi Kwarteng, the business secretary, and GFG executives and contingency plans to cover for its demise have been put in place. At issue are not only the 3,000 direct jobs under threat but also the
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2021-03-09 00:01:00Z
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