Nationalising British Steel is a painting-over-the-cracks solution. The real problem is energy prices, writes Elinor Bale

Our nation’s industrial sectors are dying and we can’t just sit back and watch. We were once an industrial powerhouse. The Industrial Revolution began in the UK. However, nowadays factories are closing, firms are moving overseas to enjoy lower operating costs and thousands of jobs are disappearing. These problems are sadly epitomised by the imminent collapse of British Steel’s Scunthorpe operation.

Labour’s solution is to produce a shiny new industrial strategy and to flirt with nationalisation of British Steel. But this will only paint over the cracks for a short period and leave industries – both directly and indirectly – reliant on government handouts. The government needs a better long-term plan. At the moment, ministers are putting their heads in the sand, doling out a few remedies for secondary problems and hoping British........

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