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The Latest Breaking News from Jonathan Reynolds

The UK has taken British Steel back from China. But can it afford to jeopardise its trade relationship?

A last-minute takeover of British Steel has led the UK’s trade secretary to advise caution against Chinese investment in key sectors. Alicja Hagopian looks at if the UK afford to lose trade with China

The Independent UK

Another UK government is doing contradictory things when it comes to China

Approach to expanding trade has been castigated for allowing Beijing to invest heavily in vital UK infrastructure

The Guardian - UK

Don’t politicise row over Scunthorpe steel plant, says Chinese foreign ministry

Lin Jian says disagreement between Jingye and British government could deter Chinese investment in the UK

The Guardian - UK

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Government ‘confident’ it has supplies to keep British Steel blast furnaces lit

Union officials also said they are ‘hopeful’ that the coal and iron ore required at the North Lincolnshire works will arrive within the next 48 hours.

Evening Standard

Comparing Port Talbot with Scunthorpe ‘not entirely fair’, says union official

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

Evening Standard

Union officials ‘hopeful’ of Scunthorpe steel materials delivery within 48 hours

British Steel staff and civil servants are expected to spend Monday trying to prevent the permanent shutdown of Britain’s last steel-making plant.

Evening Standard

Chinese investment in the UK will face 'high trust bar', says minister

Chinese firms will have to fulfil strict criteria when investing in key sectors in the UK in the future, said the UK government after the rescue of British Steel.

Euronews

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UK Govt Races Against Time To Keep Steel Furnaces Running

Britain's government on Monday raced to secure raw materials to keep the country's last steelmaking blast furnaces running after passing emergency legislation to take control of British Steel.

International Business Times

Monday briefing: British Steel is in crisis – is nationalisation the answer?

In today’s newsletter: Emergency powers aim to prevent the closure of British Steel’s Scunthorpe plant, safeguarding 2,000 jobs and Britain’s last two functioning blast furnaces – but what comes next?

The Guardian - UK

British Steel staff and civil servants race to keep Scunthorpe blast furnaces on

Officials from the Department for Business and Trade are already on site in Scunthorpe after the Government took over the running of British Steel.

The Independent UK

Race to save British Steel factory after Chinese firm’s ‘sabotage’

Dozens of businesses have rallied to help British Steel with offers of managerial support and raw materials

The Independent UK

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 restarted once they go out

The Independent UK

More than a dozen businesses offer to help British Steel keep furnaces burning

If the blast furnaces at the Scunthorpe steelworks run out of raw materials, they can never be turned back on.

Evening Standard

Labour has done right by British Steel – now it must speed up a radical strategy for all industry

Taking control of the ailing company wasn’t an easy decision, but it makes sense. Hopefully the nationalisation phobia is passing, says Guardian columnist Polly Toynbee

The Guardian - UK

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The Independent UK

UK will set 'high trust bar' for future Chinese investment after British Steel rescue, minister says

Chinese companies will have to clear a “high trust bar” when investing in key sectors in the U.K., the country’s business secretary said after he took effective control of Britain’s last remaining factory that makes steel from scratch from its Chinese owners

The National (Scotland)

UK Government 'expects to lose money' running British Steel, minister says

THE UK Government “expects to lose money” running British Steel, the Business Secretary has said.

The Independent UK

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

The Guardian - UK

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 needs

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news in one place.

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The Independent UK

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.

The Independent UK

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.

The Guardian - UK

Business secretary refuses to say whether there are enough supplies to keep British Steel furnaces running – as it happened

Jonathan Reynolds says allowing British Steel to collapse would have cost £1bn as public ownership looks increasingly likely

Evening Standard

Reynolds gives instructions to British Steel after MPs back emergency law

The move came after an extraordinary sitting of Parliament on Saturday.

The Guardian - UK

Emergency law passed to force loss-making steel companies to keep operating

Special powers granted to prevent the collapse of British Steel’s Scunthorpe works

The Independent UK

British Steel and the pragmatic case for public ownership

THE INDEPENDENT VIEW: Editorial: The government was right to take emergency action to prevent the closure of a strategic national industry

Evening Standard

Parliament approves emergency powers to take control of Scunthorpe steelworks

Emergency legislation giving the Government the power to instruct British Steel to keep the plant open passed both the Commons and Lords in one day.

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