Bill to give Government powers to nationalise steel industry clears Lords hurdle

Last year, Parliament passed special powers allowing the Government to direct British Steel operations in Scunthorpe, North Lincolnshire (PA) - (PA Wire)

New laws that give the Government power to nationalise parts of the steel industry have cleared their latest hurdle in the House of Lords.

The Steel Industry (Nationalisation) Bill passed committee stage in the upper chamber, as peers raised concerns about the industry being run on a blank cheque, and about whether parliamentary approval would be needed to bring it into public ownership.