Global business
Starmer Opens Path Toward Full Nationalization of British Steel
11.05.2026
Prime Minister Keir Starmer pledged a step toward full nationalization of British Steel during a crucial speech on Monday designed to save his premiership.
Starmer described steel production as the “ultimate sovereign capability” and said his Labour government would legislate to give itself the power to take ownership of the company subject to a public interest test.
“In Scunthorpe, we’ve been negotiating with the current owner and a commercial sale has not been possible,” Starmer said. “Strong nations in a world like this need to make steel.”
It was the main policy unveiled in a...
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