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

3 w. ago Royal Navy on alert to escort essential fuel cargo to Scunthorpe after MPs vote to seize control of British Steel from Chinese owners

The Royal Navy could be deployed to deliver an essential fuel shipment to Scunthorpe's blast furnaces after MPs voted to seize control of British Steel from Chinese owners.

Politics

3 w. ago Parliament approves British Steel bill to take control of Scunthorpe steelworks

Ministers had taken the unusual step of recalling Parliament from its Easter recess to sit on Saturday after negotiations with British Steel's Chinese owners, Jingye, appeared to break down.

Politics

3 w. ago Bill to save British Steel plant becomes law after king’s approval

Emergency legislation giving government power to instruct British Steel to keep plant open passed unopposedBusiness secretary says British Steel owners Jingye wanted ‘excessive amount’ – videoProposals to save British Steel’s Scunthorpe blast furnaces have been granted royal assent after an extraordinary parliament sitting on Saturday.Emergency legislation giving the government the power to instruct British Steel to keep the plant open passed the Commons and Lords in a single day unopposed. Continue reading...

Economics

3 w. ago British Steel latest: Parliament approves bill to save plant after workers block Chinese executives from site

MPs and Lords vote in favour of Starmer's plan to take control of British Steel after Chinese owners wanted hundreds of millions

Economics

3 w. ago Parliament approves British Steel bill as sources say owners blocked from entering Scunthorpe plant – live

The Steel Industry (Special Measures) has now passed through the House of Lords and is awaiting royal assentIt’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 necessar...

Politics

3 w. ago Moment MPs back move to take control of British Steel in emergency debate

MPs have backed the government’s plans to take control of British Steel’s Scunthorpe plant in a rare weekend emergency debate in parliament on Saturday, 12 April.

Politics

3 w. ago British Steel latest: MPs back move to take control of Scunthorpe plant in emergency debate

Sir Keir Starmer’s emergency bill to save Scunthorpe steelworks plant from closure approved by Commons

Politics

3 w. ago UK Parliament meets in emergency Saturday session to approve rescue of British Steel

U.K. lawmakers are returning to Parliament from their Easter break to approve an emergency rescue of the country’s last remaining factory that makes steel directly from raw materials

Events

3 w. ago MPs to vote on whether to grant government control of British Steel and save Scunthorpe plant

Emergency legislation paving the way for nationalisation will go before Parliament

Politics