UK government to bring British Steel into public ownership
The UK government says British Steel is set to be brought into public ownership, after announcing plans to introduce legislation this week.Prime Minister Sir Keir Starmer said the move would give ministers powers to take full ownership of the company, subject to a public interest test.The announcement follows the government's seizure of British Steel's Scunthorpe steelworks from its Chinese owners Jingye in April last year.That intervention was made to halt the potential closure of the plant's blast furnaces.Sir Keir said talks had been held with Jingye, but that a commercial sale had not been possible.The latest step would move the... [Continue Reading]
360LiveNews | 11 May 2026 11:02 LONDON
