Is this move in response to all the trade uncertainty of recent weeks/months or was there such a move in the works prior to the tariff chaos?
replies(2):
My question was aimed at what was the broader context that led the UK government to issue an emergency recall of lawmakers to make this happen so quickly.
I assume, perhaps incorrectly, that the problems with British Steel have been a long time coming?
He acknowledged that the emergency law was "pretty unprecedented", but said it meant there would be a future for steel in Britain and that it was in the national interest.
https://en.wikipedia.org/wiki/British_Steel_(1967–1999)#Hist...
https://en.wikipedia.org/wiki/Tata_Steel_Europe#Background_–...
https://en.wikipedia.org/wiki/British_Steel_(2016–present)
Interestingly the political opposition to nationalisation has been relatively quiet this time.