Brexit: Safer option for UK’s steel is to vote leave

The safest option for the British steel sector is to vote to leave the EU on June 23rd. That’s according to the ‘Vote Leave Take Control’ campaign lead by former Mayor […]

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By Jacqueline Echevarria

The safest option for the British steel sector is to vote to leave the EU on June 23rd.

That’s according to the ‘Vote Leave Take Control’ campaign lead by former Mayor of London Boris Johnson among other MPs and economists.

They claim that EU state aid rules don’t allow public support for the rescue and restructuring of failing steelmakers.

The steel sector is facing a crisis since Indian company Tata Steel announced it will sell off its entire business in the country.

In May, steel workers took part in a march in London calling on the government to save the industry, with many of them insisting the cost of energy is one of the main problems.

Last week, Mr Johnson also said the UK will be able to scrap VAT on household energy bills if the country leaves the EU, in contrast to Energy Secretary Amber Rudd claiming if the nation votes to leave the EU, it could increase energy bills by £500 million a year by the 2020s.