Why don’t we mutualise British Steel?
It’s not just nationalise or privatise, there is a third way for British Steel – and it’s a win-win, writes Bartek Staniszewski
On 12 April, the government took control of the Scunthorpe Steelworks to save it from closure, sparking renewed interest in the matter of nationalisation, and not just for British Steel. The SNP recently called for nationalising the oil refinery at Grangemouth while the Labour MP Brian Leishman called for the nationalisation of all “[k]ey essentials”. But private or nationalised are not the only options available to Labour. Instead, the government should consider selling failed industries to the workers who run them: mutualising them.
Nationalisation is fairly popular among the British public. Net support for nationalisation © City A.M.
