The Great British Bailout

The British government is set to inject £600 million into the Chinese-owned British Steel to boost the struggling sector. There’s a push for more sustainable electric arc furnaces, but unions warn this could cost 2,300 jobs. The discussion delves into the strategic importance of domestic steel production and the ramifications of foreign ownership, as well as the financial hurdles British Steel faces in a competitive market. Lastly, the impact of China's economic slowdown on global trade and local manufacturing is explored.