Business News: Tata Steel fears that UK political situation may derail sale


Fresh concerns have emerged over the future of Tata Steel’s UK assets, which include the huge Port Talbot works.It is understood that the Indian owners of the plant fear that the current UK political uncertainty could derail efforts linked to the planned sale.
Concerns centre on proposed changes to the pension scheme which are crucial to securing the future of the business. The government says its consultation on the scheme is closed, and it will respond in due course.
Tata announced in March that it was considering selling its UK steel business, putting 11,000 jobs at risk.