Hunt poised to approve £300m grant in bid to avert British Steel collapse

7 days ago Yahoo News UK

They cautioned Mr Hunt that British Steel "does not have a viable business without government support". They also argued that retaining sovereignty over steel production was critical to the UK economy. British Steel employs about 4,000 people, with thousands more jobs in its supply chain dependent upon the company. China's role in global steel production, after years of international trade rows about dumping, would make any subsidies even more contentious. British Steel had been formed in 2016 when India's Tata Steel sold the business for £1 to Greybull Capital, an investment firm.
Continue reading...

Read On "Yahoo News UK"
More News On "Yahoo News UK"
BREAKING NEWS
9 minutes ago - the Man United flop who began Reds career with 'obscene' Arsenal tackle 12 minutes ago - Usain Bolt fires business manager over Jamaica fraud case 17 minutes ago - Interislander ferry on the move after power restored, passenger says 23 minutes ago - ‘Take care of each other’, says PM Hipkins after assessing Auckland flood damage 28 minutes ago - 'Constant danger': Life after leprosy, a long neglected disease 41 minutes ago - Liberal hawks over realist doves in heated Ukraine debate 50 minutes ago - Man City knock out Arsenal 1-0 in the FA Cup 53 minutes ago - 'Miracle' York baby Albie - born after years of heartache 57 minutes ago - Empoli vs Torino Prediction, Head-To-Head, Live Stream Time, Date, Team News, Lineups Odds, STATS, Tips, And Betting Trends, Where To Watch Live Italian Serie A 2023 Today Who Will Win Match Details – 59 minutes ago - Air New Zealand To Resume International Departures Tomorrow, Introduces More Flexibility 1 hour ago - LIVE: SH2 completely blocked by landslip near Gisborne 1 hour ago - 3 dead and one missing due to rain in New Zealand’s largest city 1 hour ago - ‘Never seen rain like that’: Farmers assess damage, tonnes of crops possibly wiped out 1 hour ago - Oscar nominations 2023: Andrea Riseborough shock and other talking points – BBC 1 hour ago - Police body-cam video shows struggle and hammer swing on Nancy Pelosi's husband 1 hour ago - Ben Chilwell, Reece James, Sterling: Chelsea injury news and expected return dates for Fulham clash 1 hour ago - Volos vs Panetolikos Prediction, Head-To-Head, Live Stream Time, Date, Team News, Lineups Odds, STATS, Tips, And Betting Trends, Where To Watch Live Greek Super League 2023 Today Who Will Win Match De 1 hour ago - Arsenal injury news and return dates after FA Cup trip to Man City 1 hour ago - Auckland floods: More wild footage emerges from New Zealand's weather emergency 1 hour ago - Newcastle United and the mystery of the missing first-half goals: 16 games and counting without conceding 1 hour ago - All Blacks Sevens fall to South Africa at Sydney Sevens, face Samoa in quarters 1 hour ago - Russian teams playing friendly matches in Turkey despite UEFA and FIFA bans 1 hour ago - Roman Catholicism and Political Romanticism 1 hour ago - How The Movie Addressed Stiles’ Absence 1 hour ago - Entertainment News Roundup: Elvis Presley's address book, other items up for auction; Film academy reviewing Oscar campaigns after surprise nomination and more 1 hour ago - Winchester at war: the seige in 1141 1 hour ago - SPECIAL REPORT: Families of slain Nigerian journalists search for justice 1 hour ago - St Brigid’s Day: Events celebrating our matron saint and Irish women around Ireland and the world 3 hours ago - Water Crisis Leaves Hi-tech Hyd Parched Before Summer Sets In 3 hours ago - Blinken to visit Israel and West Bank with tensions high after outbreak of violence News84Media Politics 3 hours ago - Haines Superintendent Roy Getchell on the state of the school in 2023 3 hours ago - Afghan soldier seeking US asylum hopes for 'American dream' 3 hours ago - Guilty: Islamic Extremist Who Killed 8 on West Side Bike Path Could Face Death Penalty 3 hours ago - KSante is inevitable: 3 takeaways between the 1st and 1st week of 2023 LCS Spring Split 3 hours ago - Germany's Scholz to meet Brazil's Lula on L American tour 3 hours ago - Tyre Nichols: Protesters fill Times Square after video release 3 hours ago - Video Shows Police Brutally Beating Tyre Nichols—Then Laughing About It – Mother Jones 3 hours ago - Grizzlies, NBA speak out after video of Tyre Nichols' beating by Memphis police is released: 'It’s devastating' 3 hours ago - Winfree’s WWE Smackdown Review 1.27.23 3 hours ago - Thunder’s nightmare scenario for 2023 NBA trade deadline 3 hours ago - Adani rout crosses $51b as stocks plunge by daily limits 3 hours ago - California is a killing field: 19 dead in 3 mass shootings within 44 hours 3 hours ago - WWE legend calls superstar a "fool" for mocking Bray Wyatt in a unique way 3 hours ago - Best moves Oilers must make at 2023 NHL trade deadline 3 hours ago - Manchester City Arsenal FA Cup Highlights Full Result: Nathan Ake the Unlikely Hero as City Advance After 1-0 win 3 hours ago - Tyre Nichols death: New York City Mayor Eric Adams ‘betrayed’ by Memphis officers 3 hours ago - Steve Austin’s net worth in 2023 3 hours ago - Radio Station WHMI 93.5 FM — Livingston County Michigan News, Weather, Traffic, Sports, School Updates, and the Best Classic Hit 3 hours ago - NBA trade rumors: Raptors are sitting on a gold mine, but will they cash it in? 3 hours ago - Brazil open door to breaking foreign coach taboo 3 hours ago - Tyre Nichols: Video shows him calling for his mother, beaten by officers now charged in his death 3 hours ago - Lorient-Rennes preview: Doku out for derby success 3 hours ago - Demanding justice for Tyre Nichols: Furious New Yorkers take to the streets in protest 4 hours ago - Ex Con Man Attempts Comeback as TV Scam Expert 4 hours ago - WWE SmackDown results, live blog (Jan. 27, 2023): Royal Rumble go home 4 hours ago - Tyre Nichols killing shows to some cops, even Black ones, Black lives don't matter 4 hours ago - Tyre Nichols remembered as beautiful soul with creative eye 4 hours ago - Russia-Ukraine war at a glance: what we know on day 339 of the invasion 4 hours ago - Clashes continue after deadliest raid in West Bank 4 hours ago - Why air the video showing the brutal arrest of Dyer Nicholas?
free geoip