British Steel has been ordered into liquidation as it struggles with industry-wide troubles and Brexit, threatening 5000 workers and another 20,000 jobs in the supply chain. ANNA GOWTHORPE/AP British Steel has entered insolvency, with 25,000 jobs at risk. "It is testament to the government's industrial policy vacuum, and the farce of its failed Brexit," he said in a tweet. IAN FORSYTH/GETTY IMAGES British Steel lobbied for government backing but failed to secure a bailout. "We are grateful to all those who supported British Steel on the attempted journey to resurrect this vital part of British industry," it said in a statement.

Source: Stuff May 22, 2019 09:46 UTC