Ailbhe Rea

2 weeks ago | bloomberg.com | Ailbhe Rea

This article is for subscribers only. The government is “very seriously considering” nationalizing the Chinese-owned British Steel, two sources tell Bloomberg in an exclusive this afternoon, as ministers scramble to save the country’s last steelmaker from closure. The steelmaking plant has given the Lincolnshire town of Scunthorpe its livelihood and identity for over a century — yet it could close within days, risking thousands of jobs.

2 weeks ago | bloomberg.com | Ailbhe Rea |Alex Wickham

The UK is seriously considering nationalizing Jingye Group’s British Steel, as ministers rush to rescue the country’s last steelmaker from the prospect of permanent closure. Amid concerns the manufacturer’s main plant in Scunthorpe faces imminent closure, Britain’s Labour government is holding active discussions about taking it into public ownership, according to people familiar with the matter who spoke on condition of anonymity about plans that haven’t been finalized and may not materialize.

2 weeks ago | independent.ie | Ailbhe Rea

The UK government approved a plan to expand Luton Airport, going against a recommendation from the Planning Inspectorate to refuse the application. UK transport secretary Heidi Alexander decided the project should go forward based on its benefits to Luton, a town north of London, and the wider UK economy, according to a letter from her department to the airport.

2 weeks ago | bloomberg.com | Ailbhe Rea

The UK government is looking at ways to cut red tape for pubs, clubs and restaurants in a bid to boost Britain’s nighttime economy, including through giving new powers to London Mayor Sadiq Khan. Under proposals being considered by ministers, Khan would be able to “call in” blocked licensing applications holding back London’s hospitality industry, the Treasury said Friday in a statement.

3 weeks ago | bloomberg.com | Ailbhe Rea

The UK government approved a plan to expand London’s Luton Airport, going against a recommendation from the Planning Inspectorate to refuse the application. Transport Secretary Heidi Alexander decided the project should go forward based on its benefits to Luton, a town north of London, and the wider UK economy, according to a letter from her department to the airport published on Thursday.