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National Audit Office

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British Steel: more questions than answers on the future | Nils Pratley
NACHRICHT
11.5.2026

British Steel: more questions than answers on the future | Nils Pratley

Hard decisions over a possible sale and future subsidies loom now full nationalisation is on the cardsExplainer: how did we get here, and what about the future?Full nationalisation of British Steel expected in king’s speech“One of the proudest things we have done in government,” said Keir Starmer in Monday’s big speech about the decision a year ago to recall parliament in order to take control of British Steel at Scunthorpe.It was an odd boast because last year’s action was merely an emergency exercise in saving the patient, as opposed to getting British Steel on its feet and out of the hospital. Taking control meant the Chinese owner, Jingye, could not turn off the two blast furnaces but meant the government was on the hook for operational losses, which will be £615m and counting by next month according to the National Audit Office (NAO). Continue reading...

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Guardian Business
NAO report warns of £1bn school funding gap as falling birthrate leaves places unfilled
In Entwicklung
Education·22.4.2026KI-Zusammenfassung

NAO report warns of £1bn school funding gap as falling birthrate leaves places unfilled

The National Audit Office has warned that England's falling birthrate is creating a surplus of school places and will lead to a £1bn reduction in pupil funding over the next three years. The DfE only began specifically tracking demographic risks in 2024, despite primary enrolments falling since 2018, with a further 7% decline expected by 2030. The report forecasts funding cuts of £288m in 2027, £410m in 2028 and £334m in 2029, prompting concerns about school closures and mergers affecting educational quality.

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Guardian UK
2 Min. Lesezeit