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The Independent UK
The Independent UK
Alex Croft

Government considering nationalising British Steel amid rescue efforts

British Steel Margaret Thatcher Jingye Reynolds Scunthorpe The Independent
The British Steel Ltd steelworks in Scunthorpe, North Lincolnshire (Danny Lawson/PA) - (PA Archive)

The government is considering nationalising British Steel as it attempts to save thousands of jobs, according to reports.

It comes as business secretaryJonathan Reynolds remains locked in talks with British Steel and its owner, Jingye, with tensions growing concerning the amount of investment put in by the UK government in a rescue plan for its main site in Scunthorpe.

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