British Steel collapses; thousands of jobs could go

British Steel collapses; thousands of jobs could goBritish Steel collapsed on Wednesday after the government said last-ditch talks with its owners failed to secure a full financial rescue. The High Court in London ordered British Steel Limited into compulsory liquidation, a statement said. "British Steel Limited was wound-up in the High Court" on Wednesday, meaning its assets would be sold to help pay debts.




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