Business
Liberty Steel collapse raises fears for Welsh steel’s future
Instability of Gupta empire casts shadow over Newport
THE COLLAPSE of Liberty Steel’s major operations in South Yorkshire has intensified concerns about the long-term future of the UK’s steel industry — with growing scrutiny now falling on the company’s Welsh site in Newport.
Liberty’s Speciality Steel UK (SSUK) business, which includes plants in Rotherham and Stocksbridge, was placed into compulsory liquidation last week. The UK Government has stepped in to take over operations temporarily, securing 1,450 jobs and attempting to stabilise supply chains in the aerospace, energy, and defence sectors.
While Liberty’s Newport site has not been affected directly and remains operational, it is part of the wider GFG Alliance, the international conglomerate owned by Sanjeev Gupta. The group has faced significant financial strain since the collapse of its main backer, Greensill Capital, in 2021, and is currently the subject of an ongoing Serious Fraud Office investigation.
The Pembrokeshire Herald understands that Newport continues to produce hot-rolled coil, a key material used in construction and manufacturing. However, the instability across the group has prompted unions and industry watchers to warn of potential knock-on effects in Wales should further restructuring or asset sales occur.

Port Talbot transition looms
The uncertainty comes at a time of major change for Welsh steel. Tata Steel has already closed both of its blast furnaces at Port Talbot as part of its move to electric arc furnace technology. Although £1.3 billion in public funding has been committed to support the transition, and £80 million has been allocated for retraining and business support, the closures mark the end of primary steelmaking at the site — a capability that has existed in Port Talbot for over 70 years.
In a speech to the Welsh Labour Conference on June 28, Secretary of State for Wales Jo Stevens defended the government’s handling of the transition, highlighting the investment package and a new £11.8 million joint fund with Tata to stimulate job creation. She described the reforms as essential for securing a “bright, long-term future” for steel communities in Port Talbot, Llanwern and Trostre.
But industry analysts and union leaders continue to express concern that the UK is losing too much too fast — especially when it comes to its ability to make steel from raw materials rather than recycled scrap.

Is the UK still self-sufficient?
With Liberty Steel’s collapse adding to the list of recent setbacks, serious questions are being raised about the UK’s strategic independence in steel production. The government is now financially supporting four of the country’s six largest steelmakers and has passed emergency legislation to intervene in the industry.
However, now that Port Talbot’s blast furnaces have closes, the UK is now left with no large-scale primary steelmaking capacity. This, critics argue, has left the country vulnerable in the event of global supply chain shocks, conflict, or major infrastructure demand.
The Newport site remains stable — for now — but its future is increasingly tied to the fortunes of the wider GFG group. Unless long-term certainty is restored across the sector, the UK risks not only further job losses but the erosion of a vital national industry.

What next for Liberty Steel and UK industry?
Reports suggest that Sanjeev Gupta is preparing a “pre-pack” administration deal to regain control of Speciality Steel UK (SSUK) following its liquidation. One proposal under consideration includes placing the business into a trust for his children — a move intended to reassure investors and secure the unit’s future. Talks are ongoing as administrators seek a viable solution to restart operations.
Labour MP Sarah Champion has described the liquidation process as “full of hollow promises” and warned that Liberty Steel is too strategically important to be allowed to fail. “I am confident the government will do all in their power to let it flourish,” she said.
GMB National Officer Charlotte Brumpton-Childs also weighed in, calling the collapse “another tragedy for UK steel” and blaming “years of chronic mismanagement” by Liberty’s leadership. She urged the government to step in, as it previously did with British Steel, to safeguard remaining jobs and production capacity.
With instability spreading across the sector, industry leaders are urging the government to produce a long-term industrial strategy. A comprehensive plan is expected to be unveiled later this year, which may include further support drawn from the £2.5 billion National Wealth Fund.
Business
Cardiff airport investment under fire as Qatar link stalls despite £400m public backing
Ministers admit no meetings with airline that once received Welsh Government marketing support
THE FUTURE of Cardiff Airport’s long-haul ambitions has been thrown back into the spotlight after Welsh ministers admitted they have not personally met Qatar Airways executives — despite the airline once operating the airport’s flagship international route and benefiting from a publicly funded marketing partnership.
The admission has prompted fresh questions over whether taxpayers are getting value for the almost £400 million of public money that has been invested in the airport since it was bought by the Welsh Government in 2013.
South Wales Central Conservative MS Andrew RT Davies said the lack of direct engagement was “unacceptable”, arguing that ministers had failed to prioritise restoring one of Wales’ most important global connections.
In written questions to Economy Minister Rebecca Evans and Transport Minister Ken Skates, he asked how many times they had met Qatar Airways since August 2024.
Both confirmed they had not held any meetings.
Ms Evans said commercial negotiations are led by the airport’s executive team and added she would “very much welcome” the route’s return when the time is right.
Mr Skates said responsibility for the airport sits outside his portfolio and declined to comment further while discussions are ongoing.

Flagship route
Qatar Airways launched daily flights between Cardiff and Doha in 2018 to considerable fanfare.
At the time, ministers described the service as “transformational”, linking Wales directly to one of the world’s biggest aviation hubs and providing one-stop access to more than 150 destinations across Asia, Australia, Africa and the Middle East.
Business groups said the route would make Wales more attractive to inward investors and exporters, while tourism chiefs hoped it would bring higher-spending international visitors.
To promote the link, the Welsh Government entered into a two-year marketing partnership with the airline, understood to be worth around £1 million, aimed at raising Wales’ profile overseas and encouraging travel through Cardiff.
The agreement funded joint advertising and promotional campaigns in international markets.
However, the route operated for less than two years before being suspended at the start of the Covid-19 pandemic in 2020.
While Qatar Airways has since restored flights to other UK airports including Heathrow, Manchester and Birmingham, Cardiff remains the only former UK destination where services have not resumed.

Value for money questions
The situation has reignited debate over whether the public investment delivered lasting benefits.
Critics say the combination of direct airport funding and marketing support should have secured a more sustainable presence from a global carrier.
They question whether the advertising partnership represented value for money if the route ultimately disappeared and has yet to return.

For some observers, the absence of Qatar has become a yardstick for judging the success of government ownership.
After more than a decade and hundreds of millions of pounds in loans and support, they argue, Wales should be seeing stronger international connectivity rather than retreat.
Supporters counter that the pandemic severely disrupted aviation worldwide and that rebuilding routes takes time, particularly for smaller regional airports.
They also note that commercial airline negotiations are typically handled by airport management rather than ministers.

Passenger recovery
Cardiff Airport was purchased by the Welsh Government for £52m to prevent its closure and safeguard jobs.
Since then it has required repeated financial support packages to maintain operations and invest in infrastructure.
Passenger numbers remain below pre-pandemic levels, and the airport continues to compete with Bristol, which offers a far wider range of routes and attracts many Welsh travellers across the border.
Industry analysts say long-haul services such as Doha are especially important because they connect regions directly to global markets without relying on London hubs.
Without them, airports risk being seen as secondary or feeder operations.
Political pressure
Mr Davies said the government needed to show greater urgency.
“Senedd ministers have ploughed almost £400 million into Cardiff Airport since they bought it – yet they haven’t even bothered to meet with a major airline to re-establish a crucial international link,” he said.

“When that level of public money is involved, people expect leadership.
“Getting flights back should be a priority.”
The Welsh Government maintains it remains supportive of restoring the route and says talks with Qatar Airways are continuing through airport executives.
But for many travellers and businesses, the key question remains simple: after years of investment and promises, when will Wales once again have a direct long-haul link to the world?
Until Qatar — or another global carrier — returns, critics say, that question will continue to hang over Cardiff Airport’s future.
Business
Croeso awards return to celebrate Pembrokeshire’s tourism stars
Colin Jackson to host major industry night as entries open for 2026 event
THE CELEBRATION of Pembrokeshire’s tourism and hospitality sector is officially underway as the Visit Pembrokeshire Croeso Awards return for 2026 after a two-year break.

The prestigious awards, designed to recognise businesses that go above and beyond to deliver exceptional visitor experiences, are back with what organisers describe as “fresh energy and renewed ambition”.
This year’s ceremony will be hosted by Welsh sporting legend Colin Jackson CBE, the Olympic silver medallist and former world champion hurdler, who will act as compère for the evening.
The awards will take place on Thursday (Oct 29), bringing together leading hotels, attractions, restaurants and tourism operators from across the county for a night of celebration and recognition.

Seventeen categories are open for entry, including Best Hotel, Best Place to Eat, Accessible & Inclusive Tourism Award and Rising Star, highlighting both established operators and emerging talent within the industry.
Organisers say the event is not only about rewarding excellence, but also about developing the next generation of hospitality professionals.
At the heart of this year’s ceremony is a partnership between Pembrokeshire College and the Celtic Collection. Students will gain hands-on experience in staging a live, large-scale event, working alongside front-of-house teams and industry specialists to plan and deliver the evening.
The collaboration aims to give young people practical skills while supporting the long-term future of the county’s tourism sector.
Emma Thornton, Chief Executive of Visit Pembrokeshire, said: “We are very excited to be launching our 2026 Croeso Awards building on our 2024 event through working in partnership with Pembrokeshire College and the Celtic Collection.
“We’ve taken the deliberate step to launch three months earlier than in previous years. By doing so we hope this will encourage more entries, making it much easier for businesses and organisations to submit entries well ahead of the busy spring and summer season.
“If you haven’t entered the Croeso Awards before, please make this the year that you do.”
Applications are now open via the Croeso Awards pages on the Visit Pembrokeshire website and close on Monday (March 31). The shortlist will be announced on July 1.
Support sessions to help businesses complete applications will be held every Wednesday throughout February at the Bridge Innovation Centre in Pembroke Dock.
Tickets and a limited number of sponsorship opportunities are also available.
Photo caption:
Colin Jackson CBE will host the 2026 Croeso Awards when they return this October (Pic supplied).
Business
Welsh business confidence falls sharply in January
BUSINESS confidence in Wales fell by twenty points in January, according to the latest Business Barometer from Lloyds Bank, amid weakening optimism about both trading conditions and the wider economy.
The headline confidence figure for Wales dropped to 32%, down from 52% in December 2025. Firms’ confidence in their own trading prospects fell even more steeply, down thirty points to 38%, while optimism about the wider economy declined by eight points to 27%.
Despite the downturn in sentiment, Welsh businesses reported stronger hiring intentions. A net balance of 44% of firms said they expect to increase staff numbers over the next twelve months, up twenty-four points on the previous month.
Looking ahead, businesses in Wales identified their main priorities for growth over the next six months as developing new products or services (43%), investing in staff training and skills (40%), and introducing new technology (33%).
The Business Barometer surveys around 1,200 businesses across the UK each month and has been running since 2002, providing early indicators of regional and national economic trends.
UK outlook mixed
Across the UK as a whole, business confidence slipped by three points in January to 44%. While firms’ confidence in their own trading prospects increased by seven points to 59%, optimism about the wider economy fell sharply, down fourteen points to 28%.
London recorded the highest confidence level of any UK nation or region at 68%, followed by Northern Ireland at 66% and the West Midlands at 65%.
Sector picture
Retail confidence edged up slightly in January, rising by two points to 49%. Confidence in the service sector increased by one point to 42%, marking the first rise since the summer. Construction confidence, however, fell back after a particularly strong improvement in December.
Nathan Morgan, area director for Wales at Lloyds, said the figures reflected ongoing economic pressures but highlighted some positive signals.
“Business confidence has reduced this month, reflecting wider economic headwinds,” he said. “However, hiring intentions are up sharply, with Welsh businesses planning to invest in people at scale, showing a real commitment to growth despite the challenges.”
Hann-Ju Ho, senior economist at Lloyds Commercial Banking, said firms were entering the year with confidence in their own trading prospects, even as concerns about the broader economy persisted.
“The first rise in confidence in the services sector in seven months is encouraging, given the sector’s central role in supporting UK economic activity,” she said.
-
Health3 days agoConsultation reveals lack of public trust in health board
-
News4 days agoCaldey still unsafe, survivors warn — despite Abbey’s reform claims
-
Community4 days agoPembrokeshire students speak at national Holocaust Memorial Day event
-
News6 days agoWales warned against single police force as Lib Dems cite Scotland ‘lesson’
-
Crime6 days agoMilford Haven man appears in court charged with burglary and GBH
-
Business6 days agoDuke of Edinburgh Inn in Newgale on the market for £325,000
-
Business7 days agoFormer Halifax in Haverfordwest could soon become new high street nail bar
-
Local Government7 days agoPembrokeshire council house rents to increase this year











