MPs recalled on Saturday to debate emergency law to save British Steel
Parliament will be recalled on Saturday to debate an emergency law to save British Steel’s plant in Scunthorpe from imminent closure.
Downing Street said legislation would give ministers powers to “direct” English steel companies, in order to “protect” the Lincolnshire site.
The move stops short of fully nationalising the company at this stage, but No 10 says “all options remain on the table”.
Talks have been taking place this week to keep production going at the firm, after its Chinese owner said its blast furnaces are “no longer financially sustainable”.
A No 10 spokesperson said a Steel Industry (Special Measures) Bill would allow the government to “preserve capability and ensure public safety” at the site, the last place in the UK where higher-grade virgin steel is made.
Source: BBC | Language: English