Ministers considering renationalising British Steel
by Kiran Stacey and Jasper Jolly from World news | The Guardian on (#6SP07)
Exclusive: Move would be last-ditch attempt to save thousands of UK jobs amid standoff with company's Chinese owners
Ministers are considering renationalising British Steel in a last-ditch attempt to save thousands of jobs, amid a standoff between the government and the company's Chinese owners over a 1bn investment.
Jonathan Reynolds, the business secretary, is locked in talks with British Steel and its owner, Jingye, to agree how much each party should put into a rescue plan for its main Scunthorpe site.
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