Tata Steel is concerned about the situation in the UK

New concerns have emerged over the future of Tata Steel's UK assets, which include the huge Port Talbot.

Understandably, Indian owners are worried that the current political uncertainty in the UK could undermine efforts related to the proposed sale. Concerns about the proposed changes to the pension scheme are critical to securing the future of the business.

Tata announced in March that it is considering selling its UK steel business, putting 11,000 jobs at risk. But buyers are reluctant to take on the retirement benefits of the “giant steelmaker,” which has 130,000 members, wives and children — that is, hundreds of thousands of people depend on him.

Since May, business secretary Sajid Javid has been consulting with outlining options for solving the problem of retirement benefits. He also spearheaded efforts to resolve the crisis in the metallurgical industry, which has intensified under his supervision. Sajid Javid is currently running for the leadership of the Conservative Party. This has led to fears that the race for leadership may take precedence over efforts to tackle the retirement problem.

Tata now fears that the political uncertainty surrounding the fight against the Tories could derail the process. “This is clearly an incredibly stressful time in UK politics,” a company source said.