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The Guardian - UK
The Guardian - UK
Business
Rowena Mason Whitehall editor

British Steel could be nationalised as PM and chancellor consider ‘all options’

Sir Keir Starmer British Steel United Kingdom Donald Trump Nigel Farage Rachel Reeves Whitehall United States Scunthorpe
Sunset view of British Steel plant
The British Steel plant in Scunthorpe, which makes the steel for almost all UK rail tracks. Photograph: Christopher Furlong/Getty Images

Keir Starmer and Rachel Reeves are actively considering nationalising British Steel in an escalation of plans first revealed in the Guardian last year.

The prime minister said all options were on the table to secure the future of the Scunthorpe plant, which is owned by the Chinese firm Jingye and employs about 3,500 people.

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