Unions have accused UK government of failing to act quickly enough to save jobs, but Labour says it took time to build credible proposal

Keir Starmer has announced £200m in funding to boost investment at Grangemouth oil refinery, which is closing down with the loss of more than 400 jobs.

The prime minister said the national wealth fund would provide £200m in state investment for up to five companies who moved to Grangemouth, where several thousand jobs in the wider supply chain are also at risk. He said that should leverage up to £600m more in private investment.