UK to fully nationalize British Steel in Scunthorpe, Starmer announces
Prime Minister says legislation introducing government takeover powers will be introduced this week.
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British Prime Minister Keir Starmer announced plans to fully nationalize British Steel in Scunthorpe, the UK's last remaining plant capable of integrated steelmaking.
Starmer said legislation granting the government powers to acquire full ownership will be introduced in parliament this week.
The move signals state intervention in a critical industrial sector as the UK steelmaker faces financial pressures. Scunthorpe has long been central to British steel production and employment in the East Midlands region.
The nationalization marks a significant policy shift toward direct government ownership of strategic manufacturing assets.