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Britain’s MPs vote to take control of British Steel  – POLITICO

GenevaTimes by GenevaTimes
April 12, 2025
in Europe
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Britain’s MPs vote to take control of British Steel  – POLITICO
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The legislation now heads to the House of Lords, where it is expected to be voted through later Saturday.

The proposals will give the government the power to purchase the raw materials needed to keep the U.K.’s last blast furnaces burning as it seeks a partner to co-invest in the site.

Despite multiple government offers to purchase the necessary materials, the company resisted, saying the two blast furnaces were “no longer financially sustainable,” and citing six-figure daily financial losses from keeping them open.

The government was already under pressure to support the sector after U.S. President Donald Trump imposed a 25 percent levy on all steel imports.

Ministers will hope that taking control of the site will be seen as a sign that the U.K. is stepping up to protect its workers after Prime Minister Keir Starmer described Trump’s trade war as marking the end of the globalization era, and vowed to demonstrate the value of active government.



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