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Starmer announces plans to renationalise British Steel in major speech

The Independent·PA Reporters·22 days ago
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Sir Keir Starmer has announced legislation will be brought forward this week to take full national ownership of British Steel . “In Scunthorpe , we’ve been negotiating with the current owner, and a commercial sale has not been possible, and now a public interest test could be met,” the Prime Minister said. “So, I can announce that legislation will be brought forward this week to give the government powers, subject to that public interest test, to take full national ownership of British Steel .” A steel union welcomed the announcement. Charlotte Brumpton-Childs, GMB National Secretary, said: “This legislation will cover the whole steel industry – it isn’t specifically for British Steel, but it is what will protect it from foreign owners. The Prime Minister’s speech comes after a weekend of speculation about potential leadership challenges (PA) “British Steel is a nationally strategic asset, it is right that the Government does everything in its power to secure its long-term future.…

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