Newsgather

nationalisation

Steady20 stories8 sourcesLast updated: 4d ago

Latest Stories

Andy Burnham launches Makerfield byelection campaign with call for 'new script' in British politics
Politics
5/22/2026AI summary

Andy Burnham launches Makerfield byelection campaign with call for 'new script' in British politics

Andy Burnham officially launched his Labour campaign for the Makerfield by-election, urging a fresh approach to politics. The Green candidate withdrew hours after announcement due to past social media posts, and the Liberal Democrats selected their candidate. Defence secretary John Healey demanded transparency from Nigel Farage over a £5m gift amid Russia-linked concerns.

G
Guardian UK
British Steel nationalisation: what went wrong, and what happens now?
NEWS
5/12/2026

British Steel nationalisation: what went wrong, and what happens now?

Keir Starmer’s plan for full state ownership marks latest chapter in Scunthorpe plant’s troubled historyFull nationalisation of British Steel expected in king’s speechNils Pratley: More questions than answers on the futureFour queens – blast furnaces named after Anne, Bess (Elizabeth), Victoria and Mary – loom over the British Steel works at Scunthorpe. Within days the queens could be under public ownership, after Keir Starmer on Monday promised legislation to nationalise the plant.“Strong nations in a world like this need to make steel,” Starmer said on Monday in a speech. The prime minister was hoping decisive action would fend off challenges to his leadership. Continue reading...

G
Guardian Business
British Steel: more questions than answers on the future | Nils Pratley
NEWS
5/11/2026

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...

G
Guardian Business
Full nationalisation of British Steel expected in king’s speech
NEWS
5/10/2026

Full nationalisation of British Steel expected in king’s speech

Officials reportedly drafting legislation likely to safeguard Britain’s last blast furnaces and save thousands of jobs The full nationalisation of British Steel is expected to be announced in the king’s speech this week, a year after the government took over the daily running of the loss-making business from its Chinese owner.The steelmaker, which employs 3,500 people at its plant in Scunthorpe, came under government control last April amid fears that its owner, Jingye, was planning to shut down the site. Continue reading...

G
Guardian UK
Full nationalisation of British Steel expected in King’s speech
NEWS
5/10/2026

Full nationalisation of British Steel expected in King’s speech

Officials reportedly drafting legislation likely to safeguard Britain’s last blast furnaces and save thousands of jobs The full nationalisation of British Steel is expected to be announced in the King’s speech this week, a year after the government took over the daily running of the loss-making business from its Chinese owner.The steelmaker, which employs 3,500 people at its plant in Scunthorpe, came under government control last April amid fears that its owner Jingye was planning to shut down the site. Continue reading...

G
Guardian UK
Daniel Gros on Euro Lessons and Yuan Internationalisation Challenges
NEWS
4/26/2026AI summary

Daniel Gros on Euro Lessons and Yuan Internationalisation Challenges

Daniel Gros, director of the Institute for European Policymaking at Bocconi University, explains why the euro failed to rival the US dollar and applies those lessons to the yuan. He identifies the dollar's 'lock-in effect'—its deep, open financial markets and network advantages—as the key barrier. Gros argues that international currency status requires open capital accounts, which means losing control over exchange rates—the same trade-off that made Germany reluctant to globalise the Deutschmark.

S
SCMP Economy