4m
11 Nov 2019

British Steel rescued by Chinese firm

The Chinese firm Jingye has stepped in to rescue British Steel, promising £1 billion of investment over the next ten years.

But there is rather more mixed news for the UK economy as a whole. Although new figures show it has not fallen into recession, after GDP rose by a fraction in the last quarter, it also reveals a profound lack of momentum – with the weakest growth for a decade.