‘Likely’ British Steel will be nationalised, says business secretary Jonathan Reynolds

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Business Secretary Jonathan Reynolds has said it is "likely" that British Steel will be nationalised. It comes after he appeared to row back on his claim that he would not bring a Chinese company into the steel sector again after the government had to urgently step in to save the British Steel plant in Scunthorpe. Mr Reynolds, speaking to reporters in the Lincolnshire town, said that nationalisation was the "likely option at this stage". He added: "What we are now going to do, having secured both control of the site and the supply of raw materials, so the blast furnaces...