Senior politicians and union leaders have reacted to news that the investment division of Turkey’s armed forces pension fund is the preferred bidder for British Steel.
The investment division of Turkey’s armed forces pension fund is the preferred bidder for British Steel, the Government’s Insolvency Service has revealed.
A Turkish army pension fund is expected to be announced as the preferred bidder for British Steel by the Government within the next week.
A British-West African industrial consortium has submitted a last-minute rescue offer to snap up the British Steel plant in Scunthorpe.
A committee of MPs is to launch an inquiry into the steel industry following the collapse of one of the biggest companies in the sector.
Madam, – We are all aware with alarm of the possible demise of British Steel and with it the livelihoods of thousands of workers.
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British Steel has gone into liquidation, threatening thousands of job losses, amid revelations that it would have run out of cash by the end of the week.
A three-year-old tweet came back to haunt Nigel Farage on the day of British Steel’s collapse into liquidation, as opponents reminded him of his prediction that a Remain referendum win would kill off Britain’s steel industry.
The announcement that British Steel has gone into liquidation is the latest blow to an industry which once dominated manufacturing in the UK, and to a works in Scunthorpe with a 150-year history.