Business Secretary Jonathan Reynolds says nationalisation is "likely" next step as Parliament rushes law through.

The UK government is taking control of Chinese-owned British Steel after emergency legislation was rushed through Parliament in a single day.

Business Secretary Jonathan Reynolds told MPs the government’s likely next step would be to nationalise the Scunthorpe plant, which employs 2,700 people.

But he said he was forced to seek emergency powers to prevent owners Jingye shutting down its two blast furnaces, which would have ended primary steel production in the UK.

  • Agent641@lemmy.worldEnglish
    5·
    3 days ago

    Australia has an even more complex system. The state owns the land, and leases it to a company that installs tracks on it, they lease the tracks to a railroad operator who maintains and manages the track infra, and then operators own their own rolling stock that run on the track for a fee. One of those operators is the state, which operate some commuter trains (but the rolling stock are owned by another company)

    The state govt pays like 4 different companies for the privelige of driving trains upon their own land.