UK says British Steel's Chinese owners demanding millions
Source: BBC
Business Secretary Jonathan Reynolds is set for a showdown with the Chinese owners of British Steel after the government claimed they demanded hundreds of millions in taxpayer money for the steelworks at Scunthorpe.A search for a new buyer has stalled after Jingye asked for the cash to complete the transfer of the company.The government took control of British Steel in April, amid concerns that Jingye would close…
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