Tata Steel will leave Britain

LONDON (Reuters) - Tata Steel Ltd. of India is trying to sell the business, the largest steel producer in the UK by making thousands of jobs at risk risk in an industry that has been influential in the UK were dropped due to falling steel price cost high costs and competition from China.

After a board meeting in Mumbai, Tata has said it will complete the business experience the problem for nearly a decade, its steel industry in the UK to leave the country entirely.

The decision could have an impact on elections in Britain in the next few months to decide whether the country should continue to be a member of the European Union or not?

Media EU against the UK government blames Brussels to prevent England London not to act increasingly to protect the steel industry, however, the fans continue to be a member of the European policy said EU responsible for the fate of the steel industry.

Tata, which employs about 15 000 people in the UK at the steel plant, including plant and Port Talbot in Wales said the company's financial results in the UK have dropped sharply over the last few months, and the company intends to leave the country as soon as possible.

Welsh authorities and the British government said it is considering all options to protect the steel industry, which has cut thousands of jobs already last year.

British Trade Minister Anna Soubry said: 'We have a choice and continue to explore all options, and I mean that as a means. But what we want from Tata is a time to maximize the proceeds of the sale as appropriate.