
In the Guardian today:
Taxpayer bill for saving Scunthorpe steel furnaces could top £1.5bn by 2028, auditor says – National Audit Office highlights benefits of state rescue for jobs and orders but warns of continuing high cost. The cost of keeping the UK’s last remaining blast furnaces going at British Steel’s Scunthorpe plant could exceed £1.5bn by 2028 if it continues at its current rate, according to the government’s spending watchdog. Ministers took the plant into public control in April last year, after its Chinese owner – industrial firm Jingye – threatened to shut down the loss-making site.
Will Scots have to share in that bill?
Yes, the funding comes from the UK Government via the Department for Business & Trade and is drawn from the UK consolidated fund/general taxation. Industrial support, subsidies, and interventions, especially at this scale are not devolved.
https://www.gov.uk/government/news/government-acts-to-save-british-steel-production
Our share with 8% of the population, around £120 million. £30 each.

One thought on “UK Government reserved powers mean Scottish taxpayer will pay £120 million to keep Scunthorpe steel furnaces open”