Reynolds set for fresh talks on British Steel rescue deal

The business secretary will this week hold a fresh round of talks with British Steel’s Chinese owner amid protracted talks about a state bailout of the Scunthorpe-based company. Sky News has learnt that Jonathan Reynolds will discuss the future of the industrial group with Jingye Group’s boss, Li Huiming, in the latest chapter of a negotiation which has been dragging on for more than two years. Jingye, which bought British Steel in 2020, is seeking hundreds of millions of pounds from the government to electrify steelmaking at its Scunthorpe plant, where thousands of people are employed. Money blog: Nearly 300…