Iron and Steel
(asked on 13th May 2026) - View Source
Question to the Department for Business and Trade:
To ask His Majesty's Government what is the timeline for the "action necessary to safeguard the domestic production of steel" referred to in the King's Speech made on 13 May.
This question was answered on 27th May 2026
The Government introduced the Steel Industry (Nationalisation) Bill to Parliament on 14 May, the day following the King’s Speech. The Government is strongly minded to use the powers in the Bill to bring British Steel into public ownership to safeguard strategic capability, subject to the public interest test to be agreed by Parliament being met.