British steel is set to receive a major boost as part of today's UK-EU deal, with a promise to slash "restrictive" regulations.

Under a "bespoke" agreement, any British Steel export will be protected from European Union rules and tariffs.

The Government claims that the deal will save UK steel £25million every year.

It comes after the White House and Downing Street have confirmed tariffs on British steel have been slashed to zero.

British steel manufacturing has been given a 'bespoke' deal

Sir Keir Starmer and Foreign Secretary David Lammy

The government must urgently sort out the ownership and management of British Steel.Getty Images

The "reset" deal also respects the Government’s other red lines of not returning to the customs union or single market, officials said.

But Conservative Party leader Kemi Badenoch said: "We’re becoming a rule-taker from Brussels once again.

"And with no details on any cap or time limits on youth mobility, fears of free movement returning will only increase. This is very concerning."