The British government has allocated £ 94 million for the English steel rescue so far

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The UK government has divided the Chinese owner of Jingye a few weeks after the British steel for a few weeks after the British steel.

Jonathan Reynolds, Jonathan Reynolds, Thursday’s taxpayer’s money on Thursday’s taxpayer’s money, said that the factory continues in factory in the factory since the beginning of April To seize control of English steel.

The company employs about 3,500 people in the UK, including 2,700 people in the UK, to prepare steel in the UK in the UK.

“The volume of business capital intended for English steel is up to £ 94 million, which is more than we have given a large amount of money for Cingier or all the English steel location and work is more than engaged in the full loss of work,” he said.

Reynolds said that the money spent so far was less than the ministerial ministers “General collapse” of English steelHe said that this will cost £ 1 billion. Jingye’s Jingye’s financial support required Jingye’nin, while passing the green forms of steel production, he said he needed to continue his loss operations.

Andrew Griffith, the Secretary of the Shadow, warned that the rescue could result in the cost of taxpayers with a long-term billions of pounds.

“What will happen late or later, this is not true, will it have to come from the budget of its department for the financial support for the car sector, exporters or hardworking trade negotiations?” The Conservative MP asked on the Commons on Thursday.

The ministers have repeatedly said that the state is a “war chest” of green steel, which can come from the national wealth fund.

Griffith, despite the fact that cash is the state, is in question that the idea that the national wealth can come from the Fund.

The Labor government hopes to find a new buyer for English steel, private sector, although the analysts are suspected of the loss of the owner of the owner Jingye’s loss of £ 700,000 a day.

The ministers stressed last month by emergency legislation, the scunthorpe blast stoves and ax planned to take over thousands of workers to seize control of Cingye’s plants.

The closure would leave the British only from raw materials, although the scutthorpe plant relying on the import of iron ore imports and continues to work.

The ministers discussed the blast stoves and replying and discussed with jingye to replace them with more steel than steel.

A similar contract was hit by India Tata The two explosion covers the two explosion stoves cover the site in Port Talbot in South Wales.

Jingye asked for £ 2 billion pounds offered to cross the green steel. When the government just offered £ 500 mn, he walked away.

Earlier, the conservative government was conducted by the conservative government before being sold in 2019 for the nominal amount of confirmation. In 2019, it is 10 months in the temporary nationalization, 600 mln.

Officials and other industrial experts are preparing an “investment work” to attract a third party buyer for English steel, but the Secretary of the Works said the company’s nationalization was “probable selection”.