British Steel nationalisation plans announced by Starmer
The steelworks has been under government control for almost a year, but leglistation to nationalise it will be put forward this week.
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Prime Minister Sir Keir Starmer has announced that British Steel will be nationalised through legislation to be introduced this week, giving the government full public ownership of the Scunthorpe steelworks. The government has controlled the plant since April last year after seizing it from Chinese owners Jingye to prevent the closure of its blast furnaces, and Starmer said a commercial sale has proven impossible. The steel industry has welcomed the move for providing certainty to its 2,700 workers and maintaining Britain's domestic steel production capability, though industry leaders stressed nationalisation should be followed by a clear investment and recovery strategy.