New Liberal Democrat leader Sir Vince Cable has said decommissioning could become a “major industry” in the North Sea and create thousands of jobs – if it’s done properly.
A controversial plan to sell off the Green Investment Bank (GIB) to an Australian investor may be scrapped in favour of a £3.8billion stock market flotation, it has been reported.
China should not be made a “scapegoat” for the collapse of the UK’s steel industry, Sir Vince Cable has said, accusing the Treasury of holding back with financial assistance that could help relieve pressures.
The Liberal Democrat former business secretary said David Cameron should urge action from Beijing to curb production and noted there was a technical question to be examined over whether China was guilty of illegal “dumping”.
But he insisted there had been “endless problems with steel” unrelated to China while he was in government that ministers had some power to alleviate.
