Posted on Feb 1, 2020

Year 2020 Refrcc

Hopes that British Steel will be saved by Chinese industrial firm Jingye have suffered a blow after the French government said it could intervene to stop the deal.

The French finance minister, Bruno Le Maire, reportedly told the UK chancellor, Sajid Javid, that ministers are opposed to the takeover, throwing into doubt seven months of work to save the firm and its Scunthorpe steelworks.

The trade row has blown up a matter of hours before the UK’s official departure from the EU, which takes effect at 11pm GMT on Friday.
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