In the end, it was David Davis who said it best. Today’s emergency debate on how to save British Steel’s Scunthorpe plant amounted to a ‘nationalisation in all but name Bill’, with new measures amounting to a ‘reprieve, not a rescue’. Jonathan Reynolds, the Business Secretary, did a decent job of affecting reluctance at the sweeping powers being handed to him to order Chinese owners Jingye to buy the raw materials to keep the plant’s two blast furnaces going.
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