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UK Seizes Chinese Business

If you would like to support the Channel: https://www.buymeacoffee.com/JoeBlogs   / joeblogsyt   YouTube Membership -    / @joeblogs   YouTube Super Thanks (click below) In this video I discuss the seizure of British Steel by the UK Government from Chinese Ownership. British Steel was acquired out of liquidation in 2020 by Jingye Group a State Backed Chinese Conglomerate. British Steel operates the last remaining Blast Furnace in the UK that can produce Virgin Steel, which is critical for the defence industry. Jingye announced that the business was no longer viable and that the Blast Furnaces were to be closed however this represents a serious security threat to the UK. For specific details please check out the CHAPTER list below. Thanks for watching and please LIKE and SUBSCRIBE. Chapters: 0:00 Intro 0:55 BRITISH STEEL 1:31 VIRGIN STEEL 3:27 CLOSURE 5:09 JINGYE 7:17 OWNERSHIP 10:43 UK GOVERNMENT 11:33 SEIZURE 13:43 FINANCIALS 15:21 PRODUCTION 17:36 COSTS 19:09 SUMMARY & CONCLUSION 24:08 SMILE #uk #unitedkingdom #recession #brexit #ukraine #russia #inflation #GLOBALFINANCIALCRISIS #RUBLE #SWIFT #RECESSION #CHINA #USA #NATO #WW3 #WORLDWAR3