British Steel Plan Lacks Credibility, MPs Say The Public Accounts Committee's 26 page report has shed light on the uncertainty surrounding the future of British Steel, highlighting concerns about the government's lack of transparency and accountability.
The report notes that despite initial estimates of £642m for nationalization, only £555m had been spent by June this year.
The government's steel strategy aims to have 50% of UK steel made domestically by an unspecified date.