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UK moves closer to British Steel nationalisation
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UK moves closer to British Steel nationalisation
British Steel could be brought into public ownership after the UK government signalled that it was prepared to use powers contained in the Steel Industry (Nationalisation) Bill. The Bill has passed through the House of Commons and moved into the House of Lords, giving ministers a legislative route to take control of one of the country’s most strategically important steelmaking businesses. Industry Minister Chris McDonald said the government was …
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