British steel collapses because of Brexit Unlisted Video

Britain's second biggest steel maker collapsed on Wednesday, putting 4,500 jobs at the company at risk, and threatening another 20,000 at suppliers. The company was seeking a government bailout, but talks ended without agreement. British Steel was reportedly seeking a government loan of £75 million ($95 million) to cover losses it said it suffered because European orders had evaporated due to the uncertainty surrounding Brexit.