'In The Balance': MPs Recalled To Parliament As Ministers Race To Save British Steel
A sign at the British Steel Ltd. plant in Scunthorpe.
MPs will return to Westminster on Saturday to vote on emergency government plans to save British Steel which could see it brought into public ownership.
In a highly unusual move, parliament has been recalled from its Easter recess as Keir Starmer warned the company’s future was “in the balance” unless the government acts.
Ministers fear that the UK’s ability to produce its own steel will end forever if the loss-making plant at Scunthorpe is allowed to close down.
Negotiations between the government and British Steel’s Chinese owners Jingye on a rescue package broke down, forcing ministers to consider nationalisation.
The Steel Industry (Special Measures) Bill is expected to be passed by both the Commons and the Lords on Saturday.
It will give business secretary Jonathan Reynolds the power to direct the company’s board and workforce, while ensuring it is able to order the raw materials needed to keep the plant’s vital blast........
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