by Ambrose Evans-Pritchard
Britain’s special relationship with China is becoming more expensive by the day. It now threatens to destroy the British steel industry, a foundation pillar of our manufacturing economy.
Britain is not alone. Most of Europe’s steel foundries are heading for annihilation under the current EU trade regime, with unthinkable consequences through the network of European and British supply chains.
It is hard to pin down the exact moment when George Osborne’s love affair with China turned into a Faustian Pact.