'All options' on table regarding British Steel's future, chancellor says
Wednesday, 9 April 2025 "All options" remain on the table over the future of British Steel, the chancellor has said, as fears mount over the company's plant in Scunthorpe.
The chancellor Rachel Reeves has said 'all options remain on the table' for the future of British Steel’s Scunthorpe plant amid suggestions the UK could nationalise the company.
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The Chinese owner of British Steel has hired a leading City law firm to explore the recovery of hundreds of millions of pounds it invested in the.. Sky News
Nigel Farage says Chinese firms should have no role in UK infrastructure after ministers took control of British Steel. The government acted over the weekend amid fears its Chinese owner planned to shut Scunthorpe’s furnaces. Farage said China is “not a friend of ours” and warned the UK must “find alternatives” even if it means less investment. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Jonathan Reynolds says he is “delighted” vital raw materials have arrived to keep the blast furnaces operating at British Steel’s plant in Scunthorpe. Speaking at nearby Immingham Port, the business secretary also hinted at concerns over future Chinese involvement in the steelworks following a clear ‘difference of opinion’ with its previous owners. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Raw materials secured by the Government have arrived in the UK to keep British Steel blast furnaces burning after a race to save the company’s Scunthorpe plant. Ministers have taken control of the firm to ensure supplies such as coking coal and iron ore reach the site after talks with its Chinese owner, Jingye, broke down. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
The leader of the Liberal Democrats said the party has given the government their "full backing" to ensure a steel industry remains in the UK. It comes as British Steel staff and civil servants are racing to avert the permanent shutdown of Britain's last primary steelmaking plant. Sir Ed Davey condemned President Trump's tariffs and said it's "essential that we can have steel made in the UK". Report by Kennedyl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Industry minister Sarah Jones says the government would prefer to find a private sector partner to manage the steelworks in Scunthorpe – but refuses to rule out the involvement of another Chinese firm. Speaking on the day a shipment of raw supplies is due to arrive at the plant, Jones also defended the government’s support package, saying the £2.5 billion fund will help ensure the site’s future and avoid even higher costs from closure and job losses. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Sir Ed Davey said Parliament's recall to protect British Steel is essential amid “Putin’s barbaric war” and Trump’s “outrageous tariffs”. He said the Liberal Democrats will work..
Sir Keir Starmer has said his government will "act with urgency" to save British Steel as he announced Parliament will be recalled on Saturday to debate draft legislation tomorrow to keep the company..
Beijing warned Britain on Monday against "politicising" an unfolding spat over the future of Chinese-owned British Steel after legislation was approved to... IndiaTimes
UK Parliament convened an emergency session. They passed a law to prevent the closure of British Steel's Scunthorpe plant. The government can now direct the... IndiaTimes