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Labour poised to take control of Gupta’s UK steel factories
The Government will step in as administrator if factory cannot secure BlackRock rescue deal
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telegraph.co.uk
Steel tycoon Sanjeev Gupta lines up BlackRock to finance rescue of UK factories
Last-ditch deal with US investment firm could safeguard up to 1,500 jobs at Yorkshire plant
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Labour poised to take control of Gupta’s UK steel factories
The Government will step in as administrator if factory cannot secure BlackRock rescue deal
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independent.co.uk
UK’s third largest steelworks collapses putting 1,450 jobs at risk
The government has taken control of the plant until a buyer is found
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Britain is becoming a zero-industrial country
Without immediate and continuing government support, the steel industry’s existence could be measured in months