The UK government took effective control Saturday of Britain’s last remaining factory that makes steel from scratch from its Chinese owners, after lawmakers approved an emergency rescue.

Archived version: https://archive.is/newest/https://edition.cnn.com/2025/04/12/europe/uk-takeover-british-steel-chinese-jingye-intl-latam/index.html

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  • BrikoX@lemmy.zipOPMEnglish
    16·
    6 days ago

    Property seizure is not a good way to do business…

    • Bartsbigbugbag@lemmy.mlEnglish
      41·
      6 days ago

      Nationalization of critical industries is in fact a good thing, even when a shit government like the UK does it.