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The Latest Breaking News from Jingye

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

Ministers race to attract more Chinese investment in UK despite Scunthorpe steelworks fiasco

Trade minister Douglas Alexander is currently in China seeking to drum up business deals

Evening Standard

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

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UK politics: No 10 ‘confident’ on securing supplies to keep Scunthorpe furnaces burning – as it happened

PM’s spokesperson says ships carrying materials needed by the steel plant have docked in Lincolnshire

The Guardian - UK

British Steel factory in danger after Chinese firm’s ‘sabotage’

IN FULL

The Independent UK

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

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

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Network Rail has stockpiled a year’s worth of rails in case of British Steel disruption

Reserves would give six months to find alternative supply if Scunthorpe blast furnaces are switched off

The Guardian - 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

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 Independent UK

Explained: Why the government stepped in to take control of British Steel

IN FULL

The Independent UK

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 National (Scotland)

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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 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.

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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 Guardian - UK

Why does British Steel need to be rescued by the government and what happens next?

The crisis in Scunthorpe leaves Labour with few options

The Guardian - UK

The Observer view on British Steel: saved for now, but for how long?

Governments of both colours bear responsibility for the sorry saga, which could have dire economic and defence consequences

The Independent UK

Parliament approves British Steel bill to save Scunthorpe plant

IN FULL

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.

Evening Standard

MPs approve Government bid to take control of Scunthorpe steelworks

The emergency legislation passed the Commons unopposed.

International Business Times

UK Lawmakers Begin Emergency Debate To Save British Steel

UK lawmakers held a rare Saturday parliamentary debate as the government seeks to pass emergency legislation to stop the last British factory that can make steel from scratch shutting down.

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