To buy new, or not to buy new, that is the question Sky News spoke with Steven Edwards, motoring editor at used car marketplace, .uk, for some advice on the options available. While it seems logical to go straight for a brand new car, that may not be the smartest thing to do financially. If you've been leaning towards a new car following the ULEZ expansion, check out some recommendations from an expert before you make up your mind. It leaves the project in danger of becoming a metaphor for the UK’s wider industrial progress a grand ambition, delivered piecemeal, that may never reach its destination. The Port Talbot deal is a small part of that process, though unions and Labour point out that developing hydrogen technology and carbon capture, unproven at scale, offer alternatives to electric furnaces. The UK is at the start of a vast industrial transformation required to deliver net zero that can only be delivered with steel, one of the most stubbornly carbon-intensive industries. The industry has been through two cycles of nationalisation and privatisation since WWII and today production is in the hands of foreign corporations, Indian-owned Tata and the Chinese Jingye, which owns what remains of British Steel.īoth want government support to invest in their plants, a request ministers find almost impossible to resist when symbolic jobs are at stake.ĭemand for steel is not in question, but Britain’s ability to deliver it competitively and cleanly is. Steel is often defined as a strategic industry, one in which the UK needs security of supply in order to have control of building our bridges, buildings and defences, but it has always come at a cost. It ends with a £500m subsidy to sweeten the decarbonisation by Indian industrial giant Tata of its Port Talbot steel plant, a move that may in time cost 2,000 jobs, as the electric arc furnace technology is lower on manpower as well as emissions.Īs a consequence unions have slammed the deal because it sustains steel production in South Wales but not all the jobs it currently supports. It started on Monday with a £75m cheque to BMW to secure 4,000 jobs tied to future production of electric Minis at its Oxford plant. Business Secretary Kemi Badenoch has had a busy week.
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