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30 Oct
11:17

Budget neglects electricity costs, R&D funding: UK Steel

The new UK budget, although aiming to address industry energy consumption, has not done enough to tackle uncompetitive electricity costs for UK steel companies, according to trade association UK Steel. On Monday UK chancellor Philip Hammond delivered the Autumn 2018 budget, which is largely overshadowed by economic uncertainty surrounding Brexit. UK Steel welcomed the announcement of an Industrial Energy Transformation Fund, to help cut energy consu…
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