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Business Secretary defends steel takeover

Video Credit: ODN - Duration: 01:48s - Published
Business Secretary defends steel takeover

Business Secretary defends steel takeover

Business Secretary Jonathan Reynolds says public ownership of British Steel is now a likely option, as the government works to secure the industry's future and attract private investment.

Report by Etemadil.

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Jonathan Reynolds Jonathan Reynolds British politician (born 1980)

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Credit: ODN    Duration: 00:58Published
Minister clashes with Badenoch over steel deal claim [Video]

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Business Secretary Jonathan Reynolds says the Conservative leader is wrong to say she had negotiated a modernisation plan with British Steel for electric arc furnaces at Teesside and Scunthorpe. Ms Badenoch posted on X on Friday saying as business secretary in the last Conservative government she had negotiated the proposal, but it was "bungled" by Labour. After intervening, Ms Badenoch says: "Labour cannot negotiate. We were negotiating a modernisation deal that would have had limited job losses, just like we had in Port Talbot”. Report by Blairm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

Credit: ODN    Duration: 01:55Published
Business secretary opens ‘exceptional’ Steel industry debate [Video]

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Opening the second reading of the Steel Industry (Special Measures) Bill, Business Secretary Jonathan Reynolds says: "We meet under exceptional circumstances, to take exceptional action, in what are exceptional times”. Report by Blairm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

Credit: ODN    Duration: 01:02Published

This is a remarkable step by the govt - and Trump, China and Reform UK have all played their part

When the sun sets on Scunthorpe this Saturday, the town's steelworks will likely have a new boss - Jonathan Reynolds.
Sky News

British Steel (2016–present) British Steel (2016–present) Steel manufacturer founded in 2016

Race against time to keep Scunthorpe steel furnaces alive as raw materials to be delivered today

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Ed Davey says UK steel industry must be protected [Video]

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The leader of the Liberal Democrats said the party has given the government their "full backing" to ensure a steel industry remains in the UK. It comes as British Steel staff and civil servants are racing to avert the permanent shutdown of Britain's last primary steelmaking plant. Sir Ed Davey condemned President Trump's tariffs and said it's "essential that we can have steel made in the UK". Report by Kennedyl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

Credit: ODN    Duration: 00:44Published
Farage backs calls for nationalisation of UK steel industry [Video]

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Credit: ODN    Duration: 00:34Published
Race to keep blast furnaces on at Scunthorpe steel plant [Video]

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The government and British Steel are working to secure the raw materials needed to keep two blast furnaces on, in a race against time to avoid a permanent shutdown of Britain's last primary steelmaking plant. Treasury minister James Murray said the government is doing "everything we can" to keep the furnaces burning at British Steel's Scunthorpe site. Report by Kennedyl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

Credit: ODN    Duration: 00:34Published

Raw materials for British Steel plant 'paid for' amid race against time to avert shutdown

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Credit: ODN    Duration: 00:55Published
Deputy PM 'confident' furnaces will continue firing [Video]

Deputy PM 'confident' furnaces will continue firing

Deputy Prime Minister Angela Rayner confirmed that the government has secured the raw materials needed to keep Scunthorpe steel plant going. It comes as the government stepped in over the weekend to take it over from Chinese company Jingye after it threatened to shut down one of the furnaces today. "We've got the raw materials, they've been paid for and we're confident that the furnaces will continue to fire," Ms Rayner said. Report by Kennedyl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

Credit: ODN    Duration: 00:46Published
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Credit: ODN    Duration: 00:54Published

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Shadow Business secretary condemns 'botched' steel takeover [Video]

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Credit: ODN     Duration: 00:54Published