The UK government is to repay British Steel $ 100 m ( $ 131 million ) to help it repay an EU carbon emissions bill . The loan will be repaid on commercial terms . UK businesses have been locked out of the latest EU carbon emissions trading system because of the Brexit deadlock , leaving British businesses without permits to pay for last year 's emissions . Business Secretary Greg Clark is expected to confirm the government 's commitment in a House of Commons statement .
The UK government is to lend British Steel £100m ($131m) to help it repay an EU carbon emissions bill. The loan will be repaid on commercial terms. UK companies have been locked out of the latest EU carbon emissions trading system because of the Brexit deadlock, leaving British Steel without permits to pay for last year's emissions. Business Secretary Greg Clark is expected to confirm the government's intervention in a House of Commons statement.