In a press article summarizing recent developments, it was reported that Tata Steel is expected to announce the loss of 2,500 jobs at its Port Talbot plant due to the closure of the last blast furnace. The government plans to provide a £500m support package for a new electric furnace at the plant. Chancellor Rachel Reeves emphasized the importance of the steel sector in the UK economy, stating that the government is working to transition to green steel while preserving jobs.
Meanwhile, Keir Starmer faced PMQs on the same day as new figures showed a stalling economy in July, with no growth for the second consecutive month. Reeves acknowledged the challenge of boosting economic growth, highlighting the need for long-term decisions to fix the economy’s foundations. The day’s agenda included MPs voting to elect new select committee chairs, Starmer facing Rishi Sunak at PMQs, and a statement in the Commons about the future of the Tata steelworks in Port Talbot.
In other news, Amazon’s cloud computing arm announced an £8bn investment in the UK to build data centers in London and the West of England, continuing the work started by the previous Conservative government. The US Secretary of State, Antony Blinken, and UK Foreign Secretary, David Lammy, arrived in Kyiv for a press conference. Additionally, James Cleverly, the shadow home secretary, criticized the government’s early release scheme for prisoners in England and Wales, calling it a “mass amnesty” that was not necessary due to prison overcrowding.
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