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Parliament is being recalled on Saturday to discuss the nationalisation of British Steel, according to sources.
The move has been taken after the failure to reach a deal to keep two blast furnaces going at British Steel’s Scunthorpe plant, owned by the Chinese company Jingye.
The Commons is expected to sit at 11am, with MPs called back from Easter recess to discuss taking the assets into public ownership in order to preserve steelmaking in the UK.
British Steel makes the vast majority of UK rail track and the government has been seeking a deal on keeping the plant open.
The industry is due to be hit by a 25% tariff on steel exports to the US imposed by Donald Trump.
More details soon …
