Jeremy Hunt poised to approve £300m support package for British Steel

Grant would help steelmaker cut its carbon footprint and avoid thousands of jobs losses

Jeremy Hunt is poised to approve a 300m financial support package for British Steel designed to cut its carbon footprint and avoid thousands of jobs being lost.

The chancellor is expected to tell the UK's second-biggest steelmaker, which employs about 4,000 people, within days that he has given the green light to the delivery of 300m in instalments over the next few years.