Prime Minister Keir Starmer says the UK government will introduce legislation to enable full nationalization of British Steel. In a speech described as politically significant, Starmer outlines a path for the state to take full ownership of the company, including control of Scunthorpe, the last UK site capable of producing steel from scratch. The announcement follows earlier government action to prevent closures: last year, the government took control of the steelworks from its Chinese owner after concerns about the future of blast-furnace operations. Multiple outlets report that the proposals represent a further step beyond the existing state intervention, with the government seeking broader powers to secure the steel industry’s long-term operations and jobs. One report notes the move comes decades after British Steel was privatized, while others emphasize the presence of thousands of jobs at stake. The government’s stated aim is to prevent potential shutdowns of core steelmaking capacity and maintain industrial continuity.
Starmer announces legislation to enable full nationalization of British Steel
Prime Minister Keir Starmer says the UK government will introduce legislation to enable full nationalization of British Steel. In a speech described as politically significant, Starmer outlines a path...
- Keir Starmer says the UK will introduce legislation to enable full nationalization of British Steel.
- The plan would give the government powers to take full ownership, including at Scunthorpe.
- The announcement follows government seizure of control of the steelworks last year from a Chinese owner.
- The government intervention targets continuity of blast-furnace steelmaking and reduces risk of closure.
- Multiple reports frame the move as affecting thousands of jobs.
British prime minister Keir Starmer said he would introduce legislation this week to give the government powers to take full ownership of British Steel in Scunthorpe, the last plant in the UK that can make steel from scratch. Last year the government seized control of the steelworks from its Chinese owner to stop the potential closure of the blast furnaces. Plus, French farmers dump manure near TotalEnergies' refinery to protest at soaring energy costs.
3 months agoUK Prime Minister Keir Starmer has announced legislation to nationalise British Steel 38 years after the firm was first sold off.
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