Nationalisation not right answer for Tata's UK steel - minister | Reuters

LONDON British business minister Sajid Javid said he did not think that Tata Steel's British steel-making assets should be nationalised and there was more that the European Union could do to help the industry via import tariffs. Javid told BBC television that the steel industry had asked for higher import tariffs and the EU had responded. 'I personally do think that there is more that we need to do and that's why we are working with them to have a speedier action when it comes to tariffs,' he said.

Reuters March 30, 2016 22:43:53 IST
Nationalisation not right answer for Tata's UK steel - minister
| Reuters

Nationalisation not right answer for Tatas UK steel  minister
 Reuters

LONDON British business minister Sajid Javid said he did not think that Tata Steel's British steel-making assets should be nationalised and there was more that the European Union could do to help the industry via import tariffs.

Javid told BBC television that the steel industry had asked for higher import tariffs and the EU had responded.

"I personally do think that there is more that we need to do and that's why we are working with them to have a speedier action when it comes to tariffs," he said.

(Reporting by William Schomberg; editing by Kate Holton)

This story has not been edited by Firstpost staff and is generated by auto-feed.

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