Reeves, the chancellor, emphasized the importance of the steel sector in the UK economy ahead of an expected announcement by Tata Steel about job losses at its plant in Port Talbot. Approximately 2,500 jobs are set to be cut due to the closing of the last blast furnace. The government is expected to confirm a support package worth £500 million for a new electric furnace at the plant. Reeves stated that the government is working with business and trade unions to transition to green steel, which is in demand for construction projects. The statement in the Commons is expected to provide further details on the issue.
The shadow home secretary and Tory leadership candidate James Cleverly rejected claims that he is too centrist to win the contest, highlighting his conservative values and support within the parliamentary party. Amazon’s cloud computing arm announced a significant £8 billion investment in the UK to build data centers supporting customers in London and the west of England.
Starmer is set to face PMQs with concerns about an early prisoner release scheme, while the latest figures show a stall in economic growth over the summer. Reeves acknowledged the challenges ahead, emphasizing the importance of long-term decisions to improve the foundation of the economy. The government agenda for the day includes voting for new select committee chairs, PMQs, a press conference in Kyiv by the foreign secretary, and a statement about the future of the Tata steelworks in Port Talbot.
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