{"id":656,"date":"2026-05-12T06:41:02","date_gmt":"2026-05-12T06:41:02","guid":{"rendered":"https:\/\/usglobalnews.com\/?p=656"},"modified":"2026-05-12T06:41:02","modified_gmt":"2026-05-12T06:41:02","slug":"british-steel-nationalisation-what-went-wrong-and-what-happens-now","status":"publish","type":"post","link":"https:\/\/usglobalnews.com\/?p=656","title":{"rendered":"British Steel nationalisation: what went wrong, and what happens now?"},"content":{"rendered":"<p>Keir Starmer\u2019s plan for full state ownership marks latest chapter in Scunthorpe plant\u2019s troubled history<\/p>\n<ul>\n<li>\n<p><a href=\"https:\/\/www.theguardian.com\/business\/2026\/may\/10\/full-nationalisation-of-british-steel-expected-in-kings-speech\">Full nationalisation of British Steel expected in king\u2019s speech<\/a><\/p>\n<\/li>\n<li>\n<p><a href=\"https:\/\/theguardian.com\/business\/nils-pratley-on-finance\/2026\/may\/11\/british-steel-future-sale-subsidies-nationalisation\">Nils Pratley: More questions than answers on the future<\/a><\/p>\n<\/li>\n<\/ul>\n<p>Four queens \u2013 blast furnaces named after Anne, Bess (Elizabeth), Victoria and Mary \u2013 loom over the British Steel works at Scunthorpe. Within days the queens could be under public ownership, after Keir Starmer on Monday promised legislation to nationalise the plant.<\/p>\n<p>\u201cStrong nations in a world like this need to make steel,\u201d Starmer said on Monday in a speech. The prime minister was hoping decisive action would <a href=\"https:\/\/www.theguardian.com\/politics\/2026\/may\/11\/what-did-keir-starmer-say-in-labour-leadership-speech\">fend off challenges to his<\/a> leadership.<\/p>\n<p> <a href=\"https:\/\/www.theguardian.com\/business\/2026\/may\/12\/british-steel-nationalisation-jingye-keir-starmer-scunthorpe-plant\">Continue reading&#8230;<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Keir Starmer\u2019s plan for full state ownership marks latest chapter in Scunthorpe plant\u2019s troubled history Full nationalisation of<\/p>\n","protected":false},"author":0,"featured_media":657,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-656","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/usglobalnews.com\/index.php?rest_route=\/wp\/v2\/posts\/656","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/usglobalnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/usglobalnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/usglobalnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=656"}],"version-history":[{"count":0,"href":"https:\/\/usglobalnews.com\/index.php?rest_route=\/wp\/v2\/posts\/656\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/usglobalnews.com\/index.php?rest_route=\/wp\/v2\/media\/657"}],"wp:attachment":[{"href":"https:\/\/usglobalnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=656"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/usglobalnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=656"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/usglobalnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=656"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}