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The Guardian - UK
The Guardian - UK
Business
Jasper Jolly

British Steel nationalisation: what went wrong, and what happens now?

A worker at one of the blast furnaces at British Steel’s site in Scunthorpe
A worker at one of the blast furnaces at British Steel’s site in Scunthorpe. Photograph: Darren Staples/Reuters

Four queens – blast furnaces named after Anne, Bess (Elizabeth), Victoria and Mary – loom over the British Steel works at Scunthorpe. Within days the queens could be under public ownership, after Keir Starmer on Monday promised legislation to nationalise the plant.

“Strong nations in a world like this need to make steel,” Starmer said on Monday in a speech. The prime minister was hoping decisive action would fend off challenges to his leadership.

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