What changed in this update
The UK government said taking the firm into public hands would safeguard "a vital national capability".
China has expressed strong dissatisfaction with the UK's decision to nationalize British Steel, citing a severe blow to Chinese companies' confidence in investing in the UK.
BBC News – Business The UK government said taking the firm into public hands would safeguard "a vital national capability".
BBC News – Business The UK government said taking the firm into public hands would safeguard "a vital national capability".
Move dealt ‘severe blow to Chinese companies’ confidence in investing in the UK’, says Ministry of Commerce China’s government has said it is “strongly dissatisfied” with the decision to nationalise British Steel this week, 15 months after the UK government intervened to prevent the closure of its steelworks in Scunthorpe and the loss of 4,000 jobs. On Thursday, British Steel was brought under public ownership to pr…
BBC News – Business Workers face inflation squeeze fuelled by Iran war, as Bank of England prepares for interest rates decision Business live – latest updates Wage growth in the UK has slowed as workers come under pressure from a renewed cost of living squeeze fuelled by the Iran war, highlighting the challenge for the Bank of England as it prepares to set interest rates. Data from the Office for National Statistics (ONS) shows average…
BBC News – Business The U.S. 10-year Treasury yield rose to its highest level since 2007, reaching as high as 5.04% before easing back. The increase reflects bond investor concern over energy-driven inflation, pushing U.S. government borrowing costs to a multi-decade peak.
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