Starmer steps in to seize control of British Steel with nationalisation likely

Parliament was recalled on Saturday for an emergency vote to pass a bill allowing the government to take assets of British Steel into public control, as the firm faces a crisis with its Chinese owner threatening to close the Scunthorpe plant. Keir Starmer is intervening to prevent the closure and pave the way for nationalisation, with the business secretary, Jonathan Reynolds, set to be granted powers to direct the company. The prime minister’s move to recall parliament highlights the urgency of the situation and the government’s efforts to save British Steel from collapse.

Full Article