Hard decisions over a possible sale and future subsidies loom now full nationalisation is on the cards<\/p>\n
Full nationalisation of British Steel expected in king\u2019s speech<\/a><\/p>\n<\/li>\n<\/ul>\n \u201cOne of the proudest things we have done in government,\u201d said Keir Starmer in Monday\u2019s big speech<\/a> about the decision a year ago to recall parliament in order to take control of British Steel<\/a> at Scunthorpe.<\/p>\n It was an odd boast because last year\u2019s action was merely an emergency exercise in saving the patient, as opposed to getting British Steel on its feet and out of the hospital. Taking control meant the Chinese owner, Jingye, could not turn off the two blast furnaces but meant the government was on the hook for operational losses, which will be \u00a3615m and counting by next month according to the National Audit Office<\/a> (NAO).<\/p>\n