UK takes control of British Steel under emergency powers
UK takes control of British Steel under emergency powers
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.
Now do the same with water and rail companies
Isn't that what GBR is already set up for in regards to rail?
Uk has a weird system. The government owns the tracks and rails, but private companies own "the stock", aka the physical trains.
I think GBR is the parent company that owns the rail. I could be wrong, but this is what I remember from looking into it a few years back