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
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
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
The Government has pledged £5 million for a renovation project in memory of the three young girls murdered in Southport. Sir Keir Starmer and Angela Rayner met the parents of Elsie Dot Stancombe, Alice da Silva Aguiar and Bebe King in Downing Street on Tuesday. The Town Hall gardens in Southport will be renovated in their memory, a project the families have said is “rooted in love, resilience and unity”. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Sir Keir Starmer says a stabilised economy has allowed the government to reinstate most winter fuel payments. Nine million pensioners in England and Wales will now receive support this winter after a £1.25bn U-turn. The Prime Minister denied the move was a response to backlash, insisting it followed a reassessment of the country’s financial position. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Emperor penguins, the largest of their kind, are facing a growing threat as shrinking sea ice puts their future at risk. The birds rely on stable ice for up to eight months to raise their chicks, but as the Southern Ocean warms, that vital platform is melting too quickly. Scientists are alarmed by satellite data, which shows a sharp decline in colony numbers, with some areas disappearing twice as fast as predicted just seven years ago. Storms, changing weather and predators like orca whales are also contributing to their decline. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Marks & Spencer has partially restored online shopping after a ransomware attack in April. A limited range of fashion items are now available for delivery in parts of the UK. Cyber expert Graham Cluely says rebuilding systems takes time and security checks are crucial to ensure hackers are gone. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
King Charles received a huge applause as he arrived at Lancaster Castle on Monday. His Majesty met with local business representatives and attended a reception with a wide range of community organisations during the visit.
Report by Kennedyl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
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