6 h. ago British Steel update as vital materials to save thousands of jobs on way TODAY

Business Secretary Jonathan Reynolds said crucial shipments of iron ore and coking coal are on their way to the Scunthorpe steelworks in a tense race against time

Politics

18 h. ago Comparing Port Talbot with Scunthorpe ‘not entirely fair’, says union official

Business Secretary Jonathan Reynolds has new powers to control steelworks in England.

Politics

18 h. ago British Steel appoints interim executives as efforts to secure future continue

The two appointments were signed off by the Business Secretary.

Politics

28 h. ago China must be blocked from all of Britain's vital industries as British Steel fiasco shows Beijing

China must be blocked from all of Britain's vital industries as British Steel fiasco shows Beijing-linked companies cannot be trusted, MPs warn.

Politics

30 h. ago British Steel to deploy emergency measures to save Scunthorpe furnaces

Firm in race against time to get key materials as business secretary says no guarantee it will get what it needsBritish Steel is to deploy emergency measures in a race against time to save the blast furnaces at Scunthorpe, as the business secretary refused to guarantee the plant could get what it needed in time.The company is understood to be looking at offers of help from more than a dozen businesses to obtain materials such as iron ore and coking coal, potentially allowing it to avoid the temporary shutdown of one of the two furnaces. Continue reading...

Politics

37 h. ago Business secretary refuses to say whether British Steel will get raw material before furnaces go out

Jonathan Reynolds has warned that crucial blast furnaces cannot be re-started once they go out

Politics

41 h. ago Lib Dems ‘promote veganism’ when in charge of councils, Griffith says

Shadow business secretary Andrew Griffith said he was ‘worried about Liberal Democrat pacts’ as he claimed the party ‘typically promotes veganism’.

Politics

42 h. ago What happened with British Steel’s Chinese owners and why have the government now taken control?

Business secretary warns that – without action taken in parliament on Saturday – UK would have lost its ability to produce virgin steel

Politics

42 h. ago Race against time to save British Steel plant as minister refuses to make guarantee

Business Secretary Jonathan Reynolds refused to guarantee vital raw materials will arrive on time to save the British Steel plant in Scunthorpe, which employs around 2,700 people

Politics

43 h. ago Full nationalisation of British Steel now 'likely' says Business Secretary, as he warns China faces 'high trust bar' to get involved in UK firms

Jonathan Reynolds admitted that while his 'preference' is to find a commercial partner to run the industry, the state could well have to take responsibility.

Events

43 h. ago Business secretary would not bring Chinese companies into UK steel sector

Business secretary Jonathan Reynolds has said he would not feel comfortable allowing a Chinese business into the British steel industry.

Politics

43 h. ago Reynolds unable to say British Steel will get raw materials in time

The Business Secretary faces a scramble to get enough raw materials to the Scunthorpe steelworks to stop the blast furnaces being turned off.

Politics

61 h. ago Kemi Badenoch forced to admit claim about trying to save British Steel was false

Kemi Badenoch said yesterday she had “negotiated a modernisation plan” last year, but under questioning from Business secretary Jonathan Reynolds today, she was forced to admit no deal had been completed.

Politics

65 h. ago British Steel nationalisation is ‘likely option’, says business secretary

MPs recalled to Parliament to debate bill after Chinese owners said furnaces were not financially viable

Politics

65 h. ago Humiliated Kemi Bandeoch forced to admit claim about trying to save British Steel wasn't true

Tory leader Kemi Badenoch had claimed she had "negotiated a modernisation plan" with British Steel - but under questioning from Business secretary Jonathan Reynolds, she was forced to admit no deal was on the table

Politics

66 h. ago British Steel latest: Nationalisation ‘likely’, says business secretary as MPs debate emergency law

The prime minister will pass a bill through parliament in a single day on Saturday

Society

66 h. ago MPs debate emergency law to take control of British Steel after Chinese owners’ ‘excessive’ demands – live

No 10 has published a draft law that would give the business secretary the power to direct the companyIt’s been a busy morning for Sarah Jones, who is now on BBC Breakfast.Asked whether the government had received any private offers for the company’s Scunthorpe plant, Sarah Jones said:There is not at the moment, to answer your question, a private company that is there willing to invest at this point.When we came into government, there was a deal on the table with Tata Steel in Port Talbot.We negotiated in 10 weeks a much better deal, but there was a private company willing to invest, who are now investing.We are hoping that the company will co-operate with what we are asking them to do, we hope that we will give them a notice and they will continue.If they do not, we will step in. Now the company will be liable for any costs that we incur, and we will seek to get that money back.We have the £2.5 billion fund for steel which we had in our manifesto, that we will use if necessary, so ...

Society

67 h. ago MPs debating emergency law to take control of British Steel – live

No 10 has published a draft law that would give the business secretary the power to direct the companyIt’s been a busy morning for Sarah Jones, who is now on BBC Breakfast.Asked whether the government had received any private offers for the company’s Scunthorpe plant, Sarah Jones said:There is not at the moment, to answer your question, a private company that is there willing to invest at this point.When we came into government, there was a deal on the table with Tata Steel in Port Talbot.We negotiated in 10 weeks a much better deal, but there was a private company willing to invest, who are now investing.We are hoping that the company will co-operate with what we are asking them to do, we hope that we will give them a notice and they will continue.If they do not, we will step in. Now the company will be liable for any costs that we incur, and we will seek to get that money back.We have the £2.5 billion fund for steel which we had in our manifesto, that we will use if necessary, so ...

Society

2 d. ago MPs and Lords head to parliament as PM aims to pass emergency law today to save British Steel – live

MPs to debate emergency law that will give the business secretary the power to direct the companyBlast furnaces have been making steel in Britain for 300 years, ever since they helped start the Industrial Revolution. This weekend, parliament will sit for the first Saturday in decades as it tries to keep the last two furnaces running for a bit longer.Keir Starmer has recalled MPs to discuss emergency powers to direct steel companies, including British Steel’s Scunthorpe steelworks, to “preserve capability and ensure public safety”. The move would be short of nationalisation, but it would give the government more influence on the steel industry than at any point since Margaret Thatcher. Continue reading...

Politics

5 d. ago Talks continue to secure future of British Steel in Scunthorpe

The Business Secretary has held meetings with the Chinese owner.

Politics