The UK government said taking the firm into public hands would safeguard "a vital national capability".
BBC News – Business Move dealt ‘severe blow to Chinese companies’ confidence in investing in the UK’, says Ministry of Commerce China’s government has said it is “strongly dissatisfied” with the decision to nationalise British Steel this week, 15 months after the UK government intervened to prevent the closure of its steelworks in Scunthorpe and the loss of 4,000 jobs. On Thursday, British Steel was brought under public ownership to pr…
BBC News – Business Move dealt ‘severe blow to Chinese companies’ confidence in investing in the UK’, says Ministry of Commerce China’s government has said it is “strongly dissatisfied” with the decision to nationalise British Steel this week, 15 months after the UK government intervened to prevent the closure of its steelworks in Scunthorpe and the loss of 4,000 jobs. On Thursday, British Steel was brought under public ownership to pr…
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