Brexit uncertainty blamed as British Steel on verge of collapse

Thousands of jobs at British Steel’s Scunthorpe plant are under threat because of a funding crisis.

Weeks after receiving £120m, the company has asked the government for another £75m to support it for the next few months.

Sky sources say the company’s financial situation is causing concern in government, and contingency plans are being prepared for its possible collapse.

From Scunthorpe, here’s Sky’s Tom Parmenter.

SUBSCRIBE to our YouTube channel for more videos:

Follow us on Twitter: and

Like us on Facebook:

Follow us on Instagram:

For more content go to and download our apps:



Leave a Comment