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
Great Western Railway to return to public ownership in December
Great Western Railway is to be renationalised on 13 December, the UK government has confirmed.The move will bring the operator under the new Great British Railways organisation.GWR, based in Swindon, runs services linking London with the south-west of England and South Wales.Its network includes routes serving Taunton, Bristol and Gloucester.The Department for Transport described the change as a significant moment and said it would put passengers, rather than shareholders, at the heart of the railways.A GWR spokesperson said the company welcomed the clarity and would continue working closely with the department.The announcement matters because GWR is one of the major... [Continue Reading]
360LiveNews | 08 May 2026 17:31 LONDON
