Monarch owner now making millions from British Steel

The former owners of failed Monarch Airlines are set to extract millions from British Steel after loading it with debt, accounts reveal.Brothers Marc and Nathaniel Meyohas and business partners Richard Perlhagen and Daniel Goldstein are charging interest of 9.6 per cent on a £154million loan.Their private equity firm Greybull Capital snapped up British Steel, which employs 4,400 people in the UK, largely in Scunthorpe, for a nominal £1 to stop it going under in 2016.Employees took a pay cut t...