Parliament to be recalled to debate nationalising beleaguered British Steel as PM says its future ‘hangs in balance’
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Why parliament has been recalled on a Saturday for first time since Falklands War
- Parliament will hold a rare Saturday sitting to address the potential nationalisation of British Steel.
- The emergency legislation aims to grant the government authority over steel companies in England, specifically to protect the Scunthorpe plant.
- This move comes after negotiations with British Steel's Chinese owner, Jingye, raised concerns about the plant's blast furnaces being shut down.
- The government's intervention seeks to avert job losses and maintain the UK's domestic steel production capacity.
- The recall of Parliament for a Saturday sitting underscores the urgency of the situation, marking the first such instance since the Falklands War.