British Steel asks for state help to avert ‘Brexit related’ crisis

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Firm, which employs 4,500 people, seeks £75m support two weeks after £120m loan

British Steel is seeking emergency funds from the government, blaming politicians’ failure to strike a Brexit deal for a crisis that leaves one of the UK’s last two steelworks – and 4,500 staff – facing an uncertain future.

The company, which owns the Scunthorpe steelworks, is in rescue talks with its lenders over a £75m rescue package that is understood to be at risk of falling apart unless the government contributes.

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