On Air Now

Mill About Mix

8:00pm - 10:00pm

Now Playing

Busted

You Said No

Reynolds recruits former Balfour Beatty chief to nationalised British Steel

The former boss of Balfour Beatty, the infrastructure group, has been recruited by the government to join the board of the publicly owned British Steel.

Sky News has learnt that Andrew McNaughton is among a crop of new directors signed off by Jonathan Reynolds, who was reappointed as business secretary by Andy Burnham last week.

Alongside Mr McNaughton, the government has hired Jon Bolton, co-chair of the UK Steel Council; Janet Ashdown, who serves on the board of London-listed Victrex; and David Bond, who oversaw Sheffield Forgemasters' transition into public ownership in 2021, as non-executive directors.

Money latest: Why Heathrow fares are set to rise

The series of appointments come as Whitehall prepares for a legal fight with its former Chinese owner over the nationalisation of Britain's second-largest steel producer.

Jingye Group has indicated that it is considering turning to arbitration in the international courts to claim as much as £1bn compensation over the government's seizure of the business.

Its move into public ownership came 15 months after ministers seized operational control of the business from Jingye Group, its Chinese owner.

Jingye had been threatening to close Scunthorpe's two blast furnaces, with the potential loss of thousands of jobs, and replace them with a new electric arc furnace.

Along with Speciality Steel UK (SSUK), which was part of the tycoon Sanjeev Gupta's steel empire, taxpayers have so far spent close to £650m subsidising the two steel companies over the last 15 months.

Mr Reynolds has also sanctioned the appointments of a trio of executive directors - Kelly Jones, Allan Bell and Brian Lochhead - to British Steel's board, according to a Companies House filing.

The government is expected to run a process to sell British Steel back to the private sector sometime next year.

A government spokesman confirmed the board changes on Wednesday morning.

Sky News

(c) Sky News 2026: Reynolds recruits former Balfour Beatty chief to nationalised British Steel

Donate to Roch Valley Radio

 

Do you have a story for us? Want to tell us about something happening in our Borough?

Let us know by emailing newsdesk@rochvalleyradio.com

All contact will be treated in confidence.

More from Videos

Donate to Roch Valley Radio

 

Recently Played

Newsletter

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our newsletter and stay updated.

   

Coming up next On Air

  • Mill About Mix

    8:00pm - 10:00pm

    with Alison and the team from Mill About playing all of their favourite hits.

  • The Graveyard Shift

    10:00pm - Midnight

    with Gemma Johnson, as she explores the strange, unusual and down right spooky. Featuring a midnight ghost story from the darkest depths of the graveyard.

  • After Hours

    Midnight - 2:00am

    For the night owls, night workers and everyone still going while the rest of the town sleeps. Music, chat and company after dark.

  • Wide Awake Club

    2:00am - 5:00am

    For those who find themselves awake at 3am more often than they’d like. Calm music, understanding voices and quiet company.

  • Up Before the Alarm

    5:00am - 7:00am

    for early starters, commuters and anyone already on their second brew. Livelier music and new voices warming things up before breakfast.

  • Thursday Breakfast

    7:00am - 10:00am

    getting you out of bed and to work and school with great music and headlines.