{"id":12952,"date":"2019-05-14T14:00:46","date_gmt":"2019-05-14T14:00:46","guid":{"rendered":"https:\/\/www.fiveminutesspare.com\/news\/british-steel-seeks-government-loan-for-brexit-issues\/"},"modified":"2019-05-14T16:00:56","modified_gmt":"2019-05-14T16:00:56","slug":"british-steel-seeks-government-loan-for-brexit-issues","status":"publish","type":"post","link":"https:\/\/www.fiveminutesspare.com\/news\/british-steel-seeks-government-loan-for-brexit-issues\/","title":{"rendered":"British Steel On the Brink Of Administration"},"content":{"rendered":"

British Steel’s owners Greybull Capital LLP has indicated that the business is in need of \u00a375m to keep it going over the next few months, and it has turned to the British Government for support. They are blaming a slump in orders from European customers \u200edue to uncertainty over the Brexit process and the prolonged weakness of sterling.<\/p>\n

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Hari Mahidhar\/Shutterstock<\/p><\/div>\n

Given that it is a major employer in some of the countries poorer regions keeping it afloat would be a good thing, however with administrators standing by it may make more sense for the Government to let it go under and then nationalise it, given the UK may need to become more self sufficient in key commodities post a Hard Brexit which looks increasingly possible.<\/p>\n

BBC News – Business<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

British Steel’s owners Greybull Capital LLP has indicated that the business is in need of \u00a375m to keep it going over the next few months, and it has turned to the British Government for support. They are blaming a slump in orders from European customers \u200edue to uncertainty over the Brexit process and the prolonged…<\/p>\n","protected":false},"author":1,"featured_media":12966,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_bbp_topic_count":0,"_bbp_reply_count":0,"_bbp_total_topic_count":0,"_bbp_total_reply_count":0,"_bbp_voice_count":0,"_bbp_anonymous_reply_count":0,"_bbp_topic_count_hidden":0,"_bbp_reply_count_hidden":0,"_bbp_forum_subforum_count":0,"om_disable_all_campaigns":false,"footnotes":""},"categories":[34],"tags":[1238],"class_list":["post-12952","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-british-steel"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.fiveminutesspare.com\/news\/wp-json\/wp\/v2\/posts\/12952","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.fiveminutesspare.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.fiveminutesspare.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.fiveminutesspare.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.fiveminutesspare.com\/news\/wp-json\/wp\/v2\/comments?post=12952"}],"version-history":[{"count":3,"href":"https:\/\/www.fiveminutesspare.com\/news\/wp-json\/wp\/v2\/posts\/12952\/revisions"}],"predecessor-version":[{"id":12968,"href":"https:\/\/www.fiveminutesspare.com\/news\/wp-json\/wp\/v2\/posts\/12952\/revisions\/12968"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.fiveminutesspare.com\/news\/wp-json\/wp\/v2\/media\/12966"}],"wp:attachment":[{"href":"https:\/\/www.fiveminutesspare.com\/news\/wp-json\/wp\/v2\/media?parent=12952"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.fiveminutesspare.com\/news\/wp-json\/wp\/v2\/categories?post=12952"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.fiveminutesspare.com\/news\/wp-json\/wp\/v2\/tags?post=12952"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}