Emergency rescue for troubled British Steel

People stand near the Houses of Parliament, as Parliament is recalled to discuss the nationalisation of British Steel, in London, Britain, April 12, 2025. REUTERS/Carlos Jasso

LONDON: The British Parliament has passed an emergency bill to give ministers control over Jingye Group’s British Steel, as Keir Starmer’s Labour government fights to preserve Britain’s last virgin steelmaker.

The legislation was approved last Saturday by the House of Commons and the Lords after both chambers were recalled from their Easter recess.