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Wake Up To Money

Steel and strikes

Wake Up To Money

BBC

Business

4.1775 Ratings

🗓️ 22 August 2025

⏱️ 52 minutes

🧾️ Download transcript

Summary

Will Bain finds out what's in store for workers at South Yorkshire's threatened steel plants and reports on the weekend's rail strikes. And, he discusses the week's business, financial markets and economics stories with our regular panel of experts. What can the price of a Meal Deal tell us about the state of Britain's economy?

Transcript

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0:00.0

BBC Sounds, music, radio, podcasts.

0:05.1

Wake Up to Money from BBC 5 Live.

0:08.1

Hello morning, welcome to Wake Up to Money.

0:10.5

One of the UK's biggest steelworks is under government control this morning.

0:14.5

We'll look at what happens next for the 1,500 workers at Liberty Steel's plants in South Yorkshire.

0:20.9

Also on the programme today, rail passengers are being warned to expect disruption on cross-country

0:25.9

trains this bank holiday weekend as members of the RMT union go out on strike.

0:31.6

Why are they walking out?

0:32.9

How do the government's plans to renationalize the railways factor into all of that as well. We will be diving

0:38.3

into that. And as always on Friday, we have our panel with us to discuss the biggest stories of the

0:43.2

week. Lots of speculation about tax rises, including around property taxes ahead of the budget this autumn

0:49.8

and inflation on the rise again.

0:52.2

Wake up to Money with Will Bade.

0:55.3

Morning, welcome to Wake Up to Money on Friday the 22nd of August, just gone 5 o'clock in the morning.

1:01.4

We're with you again this morning.

1:02.4

Thanks as always for being with us first thing.

1:05.0

Yes, we are going to be looking at this escalating situation with Liberty Steel's plants in Rotherham and Sheffield, how it seemed to

1:12.6

kind of get out of hand quite so quickly when it looked like there may be sort of buying for time

1:17.5

in terms of buyers or finding creditors. And yet suddenly we've seen it now that the government

1:21.7

is going to step in and start funding wages there. So we'll be diving into that in the second

1:26.4

half of the programme. We'll also be talking about those potential train strikes on cross-country. So well runs such long routes, doesn't it? Then I'm sure it covers quite a bit of the country where you are potentially as well, but based out of the Midlands. No trains at all on Saturday. Given the plans for GB Rail and the re-nationalisation slowly

1:47.3

of these franchises as their deals erupt back into government control again, we're going to take

...

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