All the updated news related to british steel

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City watchdog failed British Steel pension savers, MPs say

MPs have accused the City watchdog of letting down British Steel pension savers who were ripped off by poor advice from companies they thought they could trust. The Financial Conduct Authority (FCA) did not protect the members of the British Steel ...

21 Jul 2022 at 08:45

Personal Finance

British Steel pensioners had a ‘gun to the head’ says former watchdog Bailey

The former boss of the City watchdog has said that British Steel pensioners had a gun to their head as they made one of the most complex financial decisions of their lives. Andrew Bailey, who now leads the Bank of England, told MPs that the ...

14 Jun 2022 at 10:05

Personal Finance

£2.4m fine imposed by FCA after people advised to give up valuable pensions

A firm which advised people to give up valuable pensions has been fined nearly £2.4 million by the City regulator. Pembrokeshire Mortgage Centre Limited (PMC), trading as County Financial Consultants, gave unsuitable advice to consumers to ...

02 Dec 2022 at 12:20

Treasury ‘considering plans to inject £300m into struggling British Steel’

The Government is considering a plan to funnel nearly a third of a billion pounds towards British Steel to save the struggling metal maker from collapse. A Treasury source told the PA news agency that Chancellor Jeremy Hunt is thinking ...

20 Jan 2023 at 17:10

Treasury close to £300m rescue deal for British Steel – reports

The Government is poised to funnel nearly a third of a billion pounds towards British Steel to save the struggling metal maker from collapse, according to reports. Sky News said that Chancellor Jeremy Hunt is prepared to hand the ...

20 Jan 2023 at 14:21

British Steel plans 800 redundancies amid negotiations with Government – report

British Steel plans to axe hundreds of jobs at its Scunthorpe plant, according to reports which come as ministers consider a multimillion-pound rescue package for the struggling business. Sky News reported that the business ...

01 Feb 2023 at 13:48

Up to 1,200 jobs impacted by British Steel shake-up, says union source

British Steel plans to axe hundreds of jobs in plans to close its coke ovens in Scunthorpe and will “optimise” several hundred more, a union source has said. The Chinese-owned manufacturing company was said to be cutting ...

01 Feb 2023 at 19:19

British Steel to cut up to 260 jobs as it closes coke ovens

British Steel is planning to close the coke ovens at one of its plants, with the loss of up to 260 jobs, the company announced. The Chinese-owned steelmaker said the move at its site in Scunthorpe was part of its drive ...

22 Feb 2023 at 13:10

I will deliver an autumn statement for growth, says Chancellor Jeremy Hunt

Jeremy Hunt has said he will address labour supply issues and business investment when he delivers an “autumn statement for growth” next week. The Chancellor claimed the Government is starting to “win the battle” ...

14 Nov 2023 at 19:13

Government ‘negligence’ to blame for steel firm’s collapse, says union

Government negligence is to blame for the collapse of British steel business Aartee Bright Bar, a steelworkers’ union has claimed. Aartee Bright Bar, which says it is the UK’s largest distributor of engineering ...

08 Feb 2023 at 13:41

Union warning on closure of blast furnaces

The UK will be left “woefully underprepared” for any potential conflict if steel blast furnaces are allowed to close, the Government is being warned. The GMB has written to Defence Secretary Grant Shapps ...

25 Jan 2024 at 18:10

Unions warn British Steel jobs at risk amid coking ovens closure fears

Unions fear British Steel is set to announce the closure of coking ovens at one of its plants, with the loss of hundreds of jobs as the company warns it faces “significant challenges”. Union officials ...

22 Feb 2023 at 02:45

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