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submitted 6 days ago by BrikoX@lemmy.zip to c/globalnews@lemmy.zip

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


Disclaimer: The article linked is from a single source with a single perspective. Make sure to cross-check information against multiple sources to get a comprehensive view on the situation.

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[-] BrikoX@lemmy.zip -5 points 6 days ago* (last edited 6 days ago)

Property seizure is not a good way to do business...

[-] Bartsbigbugbag@lemmy.ml 7 points 6 days ago

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

[-] Flyberius@hexbear.net 9 points 6 days ago

Sadly it's not nationalised. Somehow the tax payer is paying for it but it's not nationalised....

[-] Hansae@lemmy.dbzer0.com 2 points 5 days ago

Needs to be nationalised, even as it is this also btfo's the typical neoliberal "noo we cant possibly interfere in the market" that the British govt seems addicted to. Almost like state intervention and industrial policy when applied smartly is a good thing waow who knew, isnt like its been a thing since the beginning of the industrial revolution to some extent.

Fuck. Thatcher.

[-] BrikoX@lemmy.zip 3 points 6 days ago

I don't disagree. I'm even for it. Just please read the article and then comment and you will understand.

this post was submitted on 15 Apr 2025
11 points (100.0% liked)

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