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MPs to debate emergency legislation to keep British Steel open as 'security is on the line'

  • Britain is moving toward nationalizing British Steel to keep its blast furnaces open, which aims to preserve the country's steel-making capability and save jobs.
  • British Steel, owned by Jingye Group, could shut down operations if a financial agreement is not reached, potentially costing 2,700 jobs at the Scunthorpe site.
  • Finance Minister Rachel Reeves indicated that all options remain on the table to prevent the blast furnaces from closing, emphasizing the importance for jobs and the national economy.
  • The UK government has called a rare Saturday parliamentary session to discuss emergency legislation that could allow measures to stop the plant's closure and potentially nationalize British Steel at a later date.
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UK lawmakers hold emergency debate to save British Steel

UK lawmakers held a rare Saturday parliamentary debate as the government seeks to pass emergency legislation to stop the last British factory that can make steel from scratch shutting down.

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regionalmedianews.com broke the news in on Friday, April 11, 2025.
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