Why this matters: The move aims to preserve the UK’s domestic virgin steel production capacity and protect strategic industrial infrastructure. Date: 11 May 2026 Tags: Business, Politics, Manufacturing, UK Economy Summary: Prime Minister Keir Starmer announced plans to bring British Steel into public ownership. Legislation will be introduced to allow the government to take full ownership of British Steel. The move follows government intervention at the Scunthorpe steelworks i

Why this matters: High energy costs risk reducing productivity and global competitiveness of UK industry. Investment shortfalls could slow economic growth. Date: 1 April 2026 Tags: UK Economy, Industry, Energy, Business Summary: A think tank warns high energy costs are weakening UK industrial competitiveness. UK factory workers have access to 47% less equipment than international peers. A wider 38% “capital gap” exists across the UK economy. High energy costs are linked to lo