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Podcast: Beyond Currency
Episode: 23 January 2023 - Steel industry on the brink of collapse
Description: The Government is close to agreeing a funding package for the UK steel industry in order to avoid its complete collapse. While it is dwarfed by the number of workers employed by Germany, British Steel remains a cornerstone of the UK industrial output.
The package, expected to be valued at around £300 million, is a bridge with the Chinese Jingye Group, the new owners, promising an investment of £1.2 billion over the next ten years.
While China has built up its internal capacity in the heavy industry sector, it has created difficulties for several nations who are unable to compete on output or...