Govt mulls switching British Steel to CPI to cut liabilities by £2.5bn

Michael Klimes
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Govt mulls switching British Steel to CPI to cut liabilities by £2.5bn

The government is considering changing the indexing of the British Steel Pension Scheme (BSPS) to make Tata Steel more attractive to potential buyers, according to reports.

According to the Financial Times, Business Secretary Sajid Javid is in discussions with unions and trustees to propose indexing the scheme's accrual rate to the consumer price index (CPI) instead of the...

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