UK takes control of British Steel under emergency powers
Source: BBC
Brian WheelerPolitical reporterHouse of CommonsThe UK government is taking control of Chinese-owned British Steel after emergency legislation was rushed through Parliament in a single day.Business Secretary Jonathan Reynolds told MPs the government's likely next step would be to nationalise the Scunthorpe plant, which employs 2,700 people.But he said he was forced to seek emergency powers to prevent owners Jingye…
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