Private Bidder for Speciality Steel Was Turned Down Before Latest Labour Nationalisation

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Guido Fawkes

Private Bidder for Speciality Steel Was Turned Down Before Latest Labour Nationalisation

Another steelworks is under state control after Business Secretary Jonathan Reynolds told the Commons earlier this week that the Government is moving to nationalise Speciality Steel UK. Reynolds guesses a price tag of “around £350 million” will be required to pay off the creditors, buy the assets and pump in working capital for up to…