The Welsh plant is likely to remain with its Indian owners but with jobs slashed under cost-cutting measures, ITV News has been told.Read the full story ›
Tata is being urged not to allow Port Talbot plant to "wither on vine" as the company looks set is to announce sale of part of its assets.Read the full story ›
First Minister Carwyn Jones has spoken to David Cameron over the phone regarding the steel industry in Wales, Downing Street has said.
A spokesperson said the two discussed ongoing efforts to support the steel industry in Wales, and agreed that offers of support from the UK and Welsh Governments remain on the table.
The spokesperson added: "They agreed on the importance of both governments continuing to work very closely in partnership to support the steel industry in Wales and across the whole of the UK".
Reports of a possible pause in the sale of Tata Strip Products UK poses more questions than it answers, according to Aberavon MP Stephen Kinnock.
If reports that Tata Steel intend to pause the sale of most of its UK business, including Port Talbot, prove to be correct, then this would clearly pose more questions than it answers.
Steel workers and their families have been put through hell over the last weeks and months, and they will be forgiven for greeting these reports with a degree of scepticism, and perhaps even an element of anger.
We all understand the massive impact of the referendum result, and we appreciate that Tata Steel, like so many other businesses, need time to review and evaluate the implications of Brexit. However, It is now absolutely critical that Tata Steel and the UK Government come forward with a specific timetable.
There is only one bidder left with any real chance of buying Tata Steel UK, ITV News can reveal - but a deal is unlikely to be soon.Read the full story ›
Rhondda MP Chris Bryant has resigned from his role as Shadow Leader of the House of Commons amid protest over Jeremy Corbyn's leadership.
He shared the news on his Twitter profile as well as sharing the resignation letter.
In it, he said he was grateful for the opportunity but criticised Corbyn for his stance during the party's campaign to remain in the EU.
Since taking up the post of Shadow Leader of the House I have worked as constructively as possible with you and your office.
Last week changed everything. A major plank of Labour's longstanding economic and foreign policy was defeated in the referendum and we effectively handed the right in this country their biggest victory in a century.
The Prime Minister must take the lion's share of the blame for that defeat and he has honourably resigned, but your inability to give a clear, unambiguous message to Labour voters significantly contributed to the result. You left many Labour voters uncertain as to our party's position.
With Brexit and a prolonged period of instability and uncertainty on the horizon, our country urgently needs inspiring leadership as it charts its way through very difficult waters. My constituents rightly look to Labour to provide that leadership but at the moment it is sadly lacking.
A Welsh MP has added his name to the list of senior labour figures calling on Jeremy Corbyn to step down.
Aberavon MP Stephen Kinnock has said the party would suffer heavy losses at a general election unless the leadership changes in the wake of the referendum vote to leave Europe.
He's also voiced concern over the impact the Brexit result may have on the steel industry.
Kathryn Tresilian reports:
Britain's decision to leave the European Union has not affected Liberty's interest in bidding for Tata Steel, ITV Wales understands.
It's believed the Newport based steel group have always been confident in their "robust model", regardless of whether the UK voted in or out.
They also say there is now a "stronger case" for a strong, independent, UK owned steel business, following Thursday's vote.
However, Labour MP for Aberavon, Stephen Kinnock, has said the result left "serious concerns" over the future of the steel industry and could affect potential bidders coming forward.
I'm deeply concerned about this result about the future of the steel industry. Uncertainty is the enemy of business and we're looking at an industry which is already battling for survival hanging by a thread in many ways. I'm terribly worried that this vote could be the one that cuts that thread we must now hear from the bidders whether they're staying in and there's rumours that they're not going to be.
Aberavon MP Stephen Kinnock has said he believes Labour leader Jeremy Corbyn should resign in the wake of the Brexit vote.
It comes after Mr Corbyn sacked Hilary Benn as shadow foreign secretary after reports he was co-ordinating a movement to unseat the party leader.
Jeremy Corbyn said has no intention of stepping down as leader of the Labour party, a spokesman said today.
Mr Kinnock told Sky News' Dermot Murnaghan that the party needs a 'hard-headed negotiator'.
I think that what we need now is a hard-headed negotiator. Jeremy is a man of enormous integrity and decency and he has been very effective as a campaigner on issues that he has got a real interest in campaigning on for many, many years.
The job description has changed, these Brexit negotiations are going to dominate British politics for the next three, five, ten years and we need a Leader of the Opposition who really understands that in terms of how the EU is going to work and also ensuring that we’ve got a co-ordinated approach
He added that the job to lead the opposition party following the EU referendum has 'changed completely'.
"These are extraordinary times, unique and unprecedented and the leader of the Labour party has to reflect that".
Mr Kinnock also added he did not consider himself as a candidate for the role.
There are lots of very, very talented people in very senior positions. I’ve only been an MP for one year, the key thing now is to look at what the candidates have got to say, set their stall out and what I think is very important is that they frame that in the context of Brexit."
The First Minister Carwyn Jones is under fire after claiming that the Tata Steel management buy-out team "has not yet raised the money".Read the full story ›