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MPs set for emergency steel crisis debate in Commons

MPs are set to hold an emergency debate to discuss the current steel industry crisis facing the UK as the future of British steel continues to 'hang in the balance'.

It comes as the Government said on Monday it could look at the possibility of co-investing with a steel buyer "on commercial terms" to help secure a sale.

Business Secretary Sajid Javid said the "Government stands ready to help" as he addressed the Commons on the issue after Tata Steel announced a deal with Greybull Capital to buy its Scunthorpe plant and save 4,400 UK jobs but no deal was yet secured for other UK plants.

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Prescott: Where is Business Secretary during steel crisis?

Former Labour deputy leader John Prescott has questioned why Business Secretary Sajid Javid is in Australia and not at home in Britain while the country faces a crisis in its steel industry.

He tweeted last night that he felt it was "shocking" that he was not in the UK at this important time.

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