British Steel 'needs nationalising by the summer'

British Steel 'needs nationalising by the summer'

From aol.co.uk

British Steel needs to be brought into public ownership by the summer if a deal between its Chinese owner and the government fails, an MP has said. Labour MP Nic Dakin told the BBC that was "the best outcome" for the business to move forward and get investment while talks with firm Jingye are ongoing, as the tenure remains unresolved a year on. The government took control of the Scunthorpe plant, which employs 2,700 staff - about three-quarters of the company's workforce - on 12 April 2025 to prevent the last two remaining blast furnaces from closing. Industry minister Chris McDonald said he remained committed ... (full story)

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