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The Guardian - UK
The Guardian - UK
Business
Kiran Stacey and Jasper Jolly

BIZARRE: Ministers considering renationalising british steel - What They Never Told You

British Steel Jonathan Reynolds United Kingdom Jingye Margaret Thatcher Scunthorpe TATA
The British Steel plant in Scunthorpe.
The British Steel plant in Scunthorpe. Photograph: Gary Calton/The Observer

Ministers are considering renationalising British Steel in a last-ditch attempt to save thousands of jobs, amid a standoff between the government and the company’s Chinese owners over a £1bn investment.

Jonathan Reynolds, the business secretary, is locked in talks with British Steel and its owner, Jingye, to agree how much each party should put into a rescue plan for its main Scunthorpe site.

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