5 h. ago UK government has so far set aside £94mn to cover British Steel rescue

Critics warn costs could spiral into billions

Events

9 h. ago Almost £100 million spent on British Steel nationalisation so far, minister says

Jonathan Reynolds said the £94 million spent on the Scunthorpe site is ‘considerably less’ than allowing its collapse.

Economics

30 h. ago Ed Balls and Richard Tice clash as Reform MP fails to answer question 12 times

Former shadow chancellor Ed Balls and Reform UK MP Richard Tice clashed on Good Morning Britain on Wednesday (30 April), after the latter failed repeatedly to give a cost estimate for nationalising British Steel.

Events

50 h. ago UK took control of British Steel before assessing costs to taxpayers, letters show

‘Ministerial direction’ raises questions over the price of saving country’s last two blast furnaces

Economics

50 h. ago UK took control of British Steel before assessing cost to taxpayers, letters show

‘Ministerial direction’ raises questions over the price of saving country’s last two blast furnaces

Economics

3 d. ago Support for UK industry ‘cannot stop at the border’ – Swinney

Mr Swinney will address the Scottish Trades Union Congress (STUC) Annual Congress on Monday.

Politics

4 d. ago ‘Sigh of relief’ as British Steel shipments bring lifeline to industry on the brink

It comes after ministers used emergency powers to take control of British Steel after what was thought to be a Chinese plot to sabotage the plant

Politics

4 d. ago Fuel for blast furnaces and iron ore supplies arrive at British Steel

55,000 tonnes of blast furnace coke have arrived in the UK to fuel the furnaces, and shipments of iron ore are soon to arrive.

Politics

4 d. ago British Steel update as shipment of vital materials arrives to keep plant going

Ministers have been battling to keep the furnaces burning at British Steel's Scunthorpe site

Politics

8 d. ago SNP minister reveals timeline for Ardrossan port nationalisation to accelerate Glen Sannox upgrade

Purchase of harbour for main Arran ferry route seen as vital for its overhaul to go ahead to accommodate large new CalMac vessels

Politics

9 d. ago Relief for workers at UK's last blast furnaces as 2,700 redundancies shelved following government's takeover of Scunthorpe steelworks

British Steel has confirmed it will end the consultation on 2,700 redundancies announced by Chinese owners Jingye at the end of March following the government's move to take control.

Politics

9 d. ago British Steel halts plans for thousands of job losses after government intervention

Chinese firm Jingye proposed to close Scunthorpe's two blast furnaces last month

Politics

9 d. ago British Steel halts redundancy plans after Government rescue

In March, British Steel’s Chinese owners announced plans to shut down its Scunthorpe furnaces and cut jobs.

Events

1 week ago Miliband accuses Farage of spreading ‘nonsense and lies’ over net zero and steel crisis

Energy secretary says Reform UK and Tories are prepared to concoct falsehoods to further their ‘ideological agenda’

Events

2 w. ago Rachel Reeves says Government is going to play a 'big role' in Scunthorpe steel

The Chancellor visited the British Steel facility in Scunthorpe after MPs voted to let ministers take control of the company to prevent Chinese owners Jingye from closing down Britain's last remaining blast furnaces

Politics

2 w. ago British Steel’s Chinese owner says UK government must ‘respect’ its rights

Jingye makes first comments after ministers seized control of struggling company

Politics

2 w. ago China 'will no longer bid to build nuclear power plant in Essex' amid backlash over British Steel meltdown

The state-run China General Nuclear Power Group (CGN) had been looking to develop the proposed Bradwell B site in conjunction with French-owned EDF.

Events

2 w. ago Vital materials to save British Steel plant arrive after tense race against time

Business Secretary Jonathan Reynolds said he was 'delighted' that iron ore pellets and coking coal had been secured to keep the Scunthorpe steelworks in operation

Economics

2 w. ago Coking coal to keep British Steel Scunthorpe furnaces burning being unloaded in docks in race against time

Industry minister Sarah Jones confirmed the shipment had been paid for and the rescue mission was being stepped up on Tuesday

Events

2 w. ago Crucial coal will be delivered to British Steel plant in Scunthorpe TODAY as ministers try to avoid full nationalisation

After stepping in to take control of British Steel over the weekend, the Government faced a race against time to get materials such as coking coal and iron ore to the site.

Politics