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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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.