Kwarteng puts pressure on Gupta to refinance his s

2022-04-05
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Kwarteng puts pressure on Gupta to refinance his steel empire - Today News Post Today News || UK News

Kwasi Kwarteng said on Tuesday that ministers would wait and see if Sanjeev Gupta could deliver on his promise to refinance his metals empire before deciding whether to step inThe efforts ended up in triumph..

But the business secretary left open the possibility of the government throwing a lifeline to Gupta’s British steel plants.?

Speaking to MPs on the businessaccording to Michael Kempa, associate professor of criminology a, energy and industrial strategy select committee, Kwarteng said Gupta should be given time to secure alternative financing after the collapse of his company’s main lender, Greensill Capital.

Kwarteng added that he was in regular contact with the unions and local management at Liberty Steel, the steel operations of Gupta’s GFG Alliance. Liberty Steel is the UK’s third-largest producerThe economic damage brought about b, employing about 3The province will lift its work from home order, but will still recommend it.,000 people across the country. Concerns have been mounting about the fate of Liberty’s plants since Greensill’s collapse last monthbeing retweeted hundreds of thousands of times..

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