Business secretary refuses to say if UK can keep British Steel furnaces running
- The UK government, led by Business Secretary Jonathan Reynolds, plans to take control of British Steel to prevent the shutdown of its last steelmaking facility in Scunthorpe.
- Jingye, the Chinese owner, rejected a government deal, leading to fears of job losses as the plant reportedly loses £700,000 daily.
- Legislation grants the government power to impose criminal sanctions on executives who fail to comply with orders to keep the blast furnaces operating.
- Sarah Jones stated that negotiations with Jingye had broken down, creating an 'existential' crisis for the plant.
25 Articles
25 Articles
It's no consolation ministers now realise damage they've done with steel fiasco
IF only Britain had its own coal reserves. How much easier it would be for the Government’s mad scramble to keep our last two blast furnaces alight and avoid losing our ability to produce virgin steel. PA:Press AssociationBritain was once world’s pre-eminent industrial power… now we’re a laughing stock[/caption] GettyWhen it comes to undermining Britain’s credibility no one has more form than Miliband[/caption] But hang on, we do have coal reser…
The Race to Save British Steel
The UK government is racing to keep Britain’s last steel blast furnaces in operation. Plus: Why Donald Trump has already lost his trade war with China; and Israel destroys the last functioning hospital in Gaza City. With Michael Walker, Ash Sarkar and Commonwealth’s Mathew Lawrence.…
Labour accused of 'not backing business' as Starmer demanded a 'rethink' on British Steel: 'Government of the unions!'
The Shadow Minister for Business and Trade has slammed the decision by the Government to close down UK oil and gas production, claiming Labour is a Government "run by the unions".Speaking to GB News, Harriet Baldwin expressed her disappointment with the move and called for a "rethink" by Prime Minister Sir Keir Starmer."I'm very disappointed that this Government has, for example, got rid of some of the new production of our oil and gas and I thi…
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