Threat to British Steel rescue as French government raises objections

Threat to British Steel rescue as French government raises objections

Concerns are rising that the deal to save British Steel could be scuppered by an intervention from the French government.

Chinese company Jingye agreed last year to buy the business in a deal that would save around 4,000 jobs, mostly in Scunthorpe but also on Teesside.

But it has now emerged that French Finance Minister Bruno Le Maire is threatening to veto the deal because British Steel has a…

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