MPs to debate emergency legislation to keep British Steel open as 'security is on the line'
- MPs are debating emergency legislation to prevent the closure of British Steel, which would leave the UK without primary steelmaking capacity, making it the only G7 country unable to produce steel from scratch.
- Jingye Group claims it is losing £700,000 daily and rejected a £500 million government bailout proposed last month, which led to broke down negotiations.
- Prime Minister Keir Starmer called an emergency session to approve a bill empowering Business Secretary Jonathan Reynolds to ensure the plant's operations and workforce stability.
- The new bill gives Business Secretary Jonathan Reynolds authority to ensure workers are paid and order necessary raw materials for steel production.
185 Articles
185 Articles
Luke Tryl: The outcome of the next election may depend on keeping the furnaces burning
Luke Tryl is Executive Director of More in Common UK The government’s intervention on British Steel looks like a public opinion win for Labour, but it also demonstrates Nigel Farage’s ability to set the agenda and the Conservatives’ struggle for relevance. A political historian in 2050, looking for the defining moment of Labour’s 2024 government, may decide that it may well lie in the events of the past few weeks. Or maybe not. The answer will l…

UK lawmakers approve rescue of British Steel in emergency parliamentary session
U.K. lawmakers returned to Parliament from their Easter break to approve an emergency rescue of the country’s last remaining factory that makes steel directly from scratch. Prime Minister Keir Starmer summoned lawmakers for the unusual Saturday sitting to debate a…
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