Articles
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1 week ago |
politico.eu | Caroline Hug
LONDON — British MPs have approved emergency legislation empowering ministers to place British Steel under state control. The dramatic intervention — interrupting the parliament's Easter recess — followed a tense standoff with Chinese firm Jingye, British Steel’s parent company. Jingye had threatened to shut its operations in the northern English industrial town Scunthorpe, resisting an offer to stock the site with the raw materials needed to keep the furnaces running.
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1 week ago |
politico.eu | Caroline Hug
The new restrictions will not apply to goods arriving from Northern Ireland, Jersey, Guernsey, or the Isle of Man. While FMD doesn’t pose a risk to humans and there are no current cases in the United Kingdom, it’s a highly infectious disease that puts Britain’s farming industry at significant risk. U.K. Farming Minister David Zeichner said: “This government will do whatever it takes to protect British farmers from foot and mouth.
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1 week ago |
politico.eu | Caroline Hug
It had threatened to shut its operations in Scunthorpe, a northern English industrial town, resisting an offer to stock the site with the raw materials needed to keep the site — the sole remaining source of virgin steel in Britain — running. Jingye says the two blast furnaces are "no longer financially sustainable," and has cited six-figure daily financial losses from keeping them open.
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1 week ago |
politico.eu | Caroline Hug |Dan Bloom |Emilio Casalicchio
LONDON — The British parliament will be recalled on Saturday to discuss British Steel as the future of its Scunthorpe blast furnaces hangs in the balance. MPs will meet at 11 a.m. — interrupting their Easter recess — to discuss “legislative proposals to ensure the continued operation of British Steel blast furnaces is safeguarded,” according to a statement issued by the House of Commons on Friday afternoon.
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4 weeks ago |
politico.eu | Caroline Hug
LONDON — The U.K.’s digital services tax (DST) was never set in stone, Trade Secretary Jonathan Reynolds said Wednesday, raising the prospect that Britain could pare back the levy to avoid looming U.S. tariffs. “We’ve always been of the view as a country that this has to be something ideally agreed on an international basis,” Reynolds said at the Chatham House Global Trade Conference in London.
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The U.K.’s digital services tax (DST) was never set in stone, Trade Secretary Jonathan Reynolds said Wednesday, raising the prospect that Britain could pare back the levy to avoid looming U.S. tariffs. https://t.co/lwBVEh6hVM
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