Tata Steel’s campaign to have the Carbon Floor Price, which was introduced in the recent budget, eradicated is beginning to find some support in Parliament as politicians express concern over the possibility that it may lead to metal pressworks companies exiting the UK market completely.

Britain is the first country in the entire world to introduce the measure, which places “a levy on coal, oil, gas and other carbon-based fuels used to generate electricity for industries such as steel.”

However many MPs, such as Nia Griffith of the All Party Parliamentary Group (APPG) believes that the CFP will have a detrimental effect on the nation’s metal and steel industry as major players look to move further afield to avoid what many in the steel industry are claiming is a super tax.

She comments “The real worry, of course, is that it’s not even a level playing field within Europe — we need to make sure Britain is open for business and not driving business out of the country.”

She is backed up by Labour MP Jessica Morden, who continues “The government is asking the private sector, especially manufacturing, to create jobs, but that will not happen if we impose certain conditions and have carbon leakage.

“They will be able to produce steel with the same amount of emissions and we will have lost the industry.”