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Why is British Steel in trouble, who owns it and what will the government do?

  • U.K. Lawmakers returned to Parliament to approve emergency legislation aimed at rescuing British Steel due to its financial troubles and the potential closure of the Scunthorpe plant's blast furnaces.
  • Prime Minister Keir Starmer stated that all options are being considered to secure the plant's future, which is of national interest.
  • If passed, the bill would give Business Secretary Jonathan Reynolds authority over the plant's operations, ensuring worker pay and raw material supply.
  • Union leader Roy Rickhuss expressed hope that the government's actions will lead to securing the future of British Steel as a strategic business.
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Associated Press NewsAssociated Press News
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UK Parliament meets in emergency Saturday session to approve rescue of British Steel

U.K. lawmakers are returning to Parliament from their Easter break to approve an emergency rescue of the country’s last remaining factory that makes steel directly from raw materials.

·United States
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  • 55% of the sources are Center
55% Center
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The Telegraph broke the news in London, United Kingdom on Friday, April 11, 2025.
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