The British government has announced that it has taken British Steel into public ownership, fully nationalising the company after assuming control from Chinese firm Jingye.
The government said the move was aimed at protecting the future of steel production in the United Kingdom, securing skilled jobs and preserving a key national industrial asset.
Prime Minister Keir Starmer said the decision would safeguard the country’s steelmaking capacity and provide stability for workers and the wider economy.
Meanwhile, official data showed that the UK economy recorded slight growth in May, expanding by 0.1 per cent after contracting by 0.1 per cent in April.
The Office for National Statistics said the growth was driven mainly by a 0.3 per cent increase in output from the services sector.
The economic figures were released as the country prepares for Andy Burnham to assume office as prime minister on Monday.
Starmer had resigned as prime minister and Labour Party leader the previous month following prolonged internal pressure linked to political controversies, economic concerns and policy reversals.
The Organisation for Economic Co-operation and Development (OECD) has projected that the UK economy would grow by 0.9 per cent in 2026, down from 1.4 per cent growth recorded in 2025, before improving slightly to 1.1 per cent next year.
