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
    27·
    28 days ago

    Property seizure is not a good way to do business…

    • Bartsbigbugbag@lemmy.mlEnglish
      92·
      28 days ago

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

        • Hansae@lemmy.dbzer0.comEnglish
          2·
          27 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.zipOPMEnglish
        3·
        28 days ago

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