The British Steel Pension Scheme (BSPS) has completed a £2.7bn buy-in deal with Legal & General (L&G), to fully secure the remaining 40% of the scheme’s liabilities.
Tata Steel, the Indian-based company that owns the UK’s largest steelworks, is still in talks with the UK government regarding the implementation of financial support for its decarbonisation plans. Tata Steel needed £1.5 bn from the UK government to fulfil its plans, but the counteroffer made by the British government was much lower than the requested amount earlier this year. Tata’s CEO has stated that the company “cannot see its future in the UK without the support of the government., Companies News, Times Now
has over 2,000 active employees. this after media reports that claimed twitter s platform full time headcount had fallen to about 1,999 full time headcount had fallen to about 1,000 including 550 full time engineers. some 50 percent of twitter s employees have left the company since mr musk bought it last october. energy firms in the uk are to be investigated by the industry regulator following a sharp rise in the number of households being forced onto prepayment meters. the regulator, ofgem, is also warning firms it will take legal action if they are not taking proper due care of vulnerable households. the uk government is expected to announce hundreds of millions of pounds of support to help britain s two biggest steelmakers go green. the funding for british steel and tata steel uk is likely to be unveiled by the chancellor, jeremy hunt, this week.