BRITISH STEEL EXPOSES NET ZERO
MP's EMERGENCY DEBATE TODAY

Negotiations between ministers and Jingye Group, the Chinese company that bought British Steel five years ago, have failed to reach a deal to keep the two blast furnaces at Scunthorpe in operation. The imminent closure of the plant has forced the Government’s hand, because the loss of Britain’s last steel manufacturer would leave us exposed in a dangerous world.

Parliament has sat on only six occasions on a Saturday since the Second World War and was last recalled from recess in 1982 after the invasion of the Falklands. This illustrates the gravity of what is facing British industry with Saturday's recall to discuss the nationalisation of British Steel. The move is an unfortunate necessity. This newspaper has almost always opposed taking businesses of any kind into public ownership. The state is an industrial custodian of last resort, peculiarly unsuited to the commercial sphere. But there are rare exceptions and steel is one of them.

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