"We'll Use Brexit Freedom To Get Solution": Boris Johnson On Liberty Steel

The steelmaker, which employs 3,000 people in Britain and is part of the GFG Alliance conglomerate, has been rocked by the failure of Greensill, which had extended many billions of dollars in loans.

British Prime Minister Boris Johnson said on Thursday he was very hopeful the government could find a solution for Liberty Steel which is scrambling to secure capital after the collapse of its biggest lender Greensill Capital. The steelmaker, which employs 3,000 people in Britain and is part of the GFG Alliance conglomerate, has been rocked by the failure of Greensill, which had extended many billions of dollars in loans. Asked if he would step in to ensure no jobs would be lost at Liberty Steel, Johnson said: "I think that British steel is a great national asset and the fact that we make steel in this country is of strategic long-term importance." "I'm very hopeful that we'll get a solution," he said. "It would be crazy if we were not to use this post-Brexit moment, to not to use the flexibility we have, to buy British steel. So that's what we want to do."