Scunthorpe-based British Steel asks for £500m government aid

Rivers across Lincolnshire are in an ‘appalling state’ due to the yearly swamp of algae and weed, a council leader has said.In Boston, thousands of fish in the River Witham have died, and parts of Lincoln’s Brayford Pool are also choked with a thick carpet of green weed.The Environment Agency says that they are working to clean the waterways up, but the leader of Boston Borough Council says the spread is damaging businesses.

“I have seen firsthand how bad the waterways are. This event has been caused by the very hot summer, creating an algae bloom. The Environment Agency has been using boats to remove weed in Boston, and says the situation is improving. A spokesperson said: “We’ve had an unusually hot and dry summer and which has resulted in prolific weed growth on the surface of our rivers across Lincolnshire and has left water levels low.

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British Steel owners seeking millions of pounds in 'urgent package' from the GovernmentBritish Steel, which is headquartered in Scunthorpe, employs around 4,000 people, with thousands more jobs in its supply chain dependent upon the firm
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British Steel's Chinese owner seeks huge government aid packageThe owners of Britain's second-biggest steel producer are seeking an urgent package of financial support from taxpayers amid renewed fears for thousands of industrial jobs in the north of England If you do it for one company, then you can't say no when another asks for the same, not the government's job or taxpayers job to bail out private sector companies, there's more urgent things that taxpayers money needs spending on Once again we have privatised profits and nationalised losses. So first china flood western markets with cheap steel, putting thousands out of work. Now they want a government bail out?
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British Steel’s Chinese owner seeks multimillion-pound government rescue package\n\t\t\tExpert insights, analysis and smart data help you cut through the noise to spot trends,\n\t\t\trisks and opportunities.\n\t\t\n\t\tJoin over 300,000 Finance professionals who already subscribe to the FT. Er ____ OFF It’s actually British Good to know % of UK assets bought by foreign firms that subsequently require UK govt assistance. All v well being open for business if folk you sell too, take your savings too.
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British Steel’s Chinese owner seeks multimillion-pound government rescue package\n\t\t\tExpert insights, analysis and smart data help you cut through the noise to spot trends,\n\t\t\trisks and opportunities.\n\t\t\n\t\tJoin over 300,000 Finance professionals who already subscribe to the FT.
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