British Steel: Nationalisation
The question
To ask the Secretary of State for Business and Trade, if he will make it his policy to take British Steel into temporary public ownership (a) before the remaining blast furnaces are closed down and (b) until the future of virgin steel production in the UK is assured.
Answered by Sarah Jones
Our priority is respecting workers, safeguarding jobs, and retaining steelmaking. We have been clear that the best way forward is for British Steel to continue as a commercially run business with private investment and Government acting in support. We call upon British Steel to accept our generous offer of financial support, and the associated conditions. However, no options are off the table. The Government remains resolute in our desire to secure a long-term future for the Scunthorpe steelworks, retaining steel pro-duction and putting an end to the years of uncertainty.
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