Trade Secretary Jonathan Reynolds has been scheduled for a performance with the Chinese owners of British Steel, when the government claimed that they demanded hundreds of crores of taxpayers money for steelworks in Scanthorpe.
After a search for a new buyer, Jinge asked for cash to complete the transfer of the company.
Government British steel control in AprilBetween concerns that Jinge will stop only the remaining blast of the UK and puts thousands of jobs at risk.
After the entire nationalization of the company of damage by the government, Jinge remains the official owner of the British Steel, which the ministers believe is effectively worth zero.
Negotiations are being held between the officials, but the BBC News understands that the regolds are likely to attend the talks in September.
A senior source of the Department of Trade and Trade would not refuse to hand over some public funds to the Chinese firm, but said the evaluation of both sides of the British Steel was still very different.
The source insisted that “there is a public interest in protecting taxpayers’ money, there is also a public interest in closing this thing”.
A spokesman of the Trade Department said that he worked quickly to ensure the continuous operation of blast furnace and the best for the site is working with jinge to determine the best long -term durable future “.
In April, MPs and colleagues were called to pass the law back from their Easter holidays, which allowed the government to control British steel during a very rare Saturday of Parliament.
The Rrenalds said at the time that the complete nationalization was likely to be the next step, but the ministers were hoping that Jingeya would hand over the company’s ownership for a nominal fee.
At the beginning of this summer, the conversation between the two sides was thrown into suspicion when Jinge told government officials that they believed that the evaluation of British steel was still in hundreds of crores.
A government source would not reveal the accurate figure, but said the current assessment of British steel went into hundreds of crores.
Earlier this year, both parties were also provoked.
Jinge dismissed an offer of £ 500 meters from the government in March, with sources suggested that they were holding for something close to £ 1bn.
Jingye claimed that the Scunthorpe plant was losing £ 700,000 a day when it announced a plan to shut down the site in March.
The government had already kept the £ 2.5bn steel fund separate and is using cash from that pot to cover the costs of the site from April.
But the minister does not see public ownership as a long-term solution and repeatedly stated that he is confident that he would find another commercial partner to take the ownership of British Steel.
The discovery of that partner has stopped since the demand for a large payment of Jinge, and a senior government source said they cannot “bring new ownership while the issue remains unresolved”.
He said that the government was “close to the beginning” from the end of the conversation with Jinge, but he said that he was convinced to achieve the Chinese firm to accept “more realistic evaluation”.
Another source close to the talks shook the suspicion of Jinge’s will and said that he believes that the government would “need to step into and take into ownership of business” through another parliamentary process “.
Using the Parliament to force through a complete nationalization is considered a “last solution” in the minds of ministers, as it can send it to a wider business community due to concerns about the message.
Jingye has been approached for comment.
