The relentless sale of British assets to foreigners shows no sign of abating
20AM [Updated: Mon Aug 19, 2019 10:20AM ]/ News that Turkey’s military pension fund has reached a deal to buy embattled British Steel will come as a disappointment to supporters of British industry. The Turkish Armed Forces Assistance Fund (Oyak) says it plans to buy British Steel by the end of the year. British Steel employs 5,000 people, mostly at the Scunthorpe and Teeside steel works. The sale of British steel to an unusual foreign entity (Oyak) is in keeping with a long-term trend which began in the Thatcher era of the 1980s. Under ...
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