Politics
UK Steel Faces Record Energy Cost Gap vs EU Rivals
•UK steelmakers pay £30/MWh premium over French rivals due to geopolitical tensions. Analysis reveals worst competitive position in three years.
19 October 2026
•UK steelmakers pay £30/MWh premium over French rivals due to geopolitical tensions. Analysis reveals worst competitive position in three years.
•Bank of England Governor warns of AI economic downturn risks amid energy shocks from US-Iran conflict. Global financial stability concerns outlined.