In the end, it was David Davis who said it best. Today’s emergency debate on how to save British Steel’s Scunthorpe plant amounted to a ‘nationalisation in all but name Bill’, with new measures amounting to a ‘reprieve, not a rescue’. Jonathan Reynolds, the Business Secretary, did a decent job of affecting reluctance at the sweeping powers being handed to him to order Chinese owners Jingye to buy the raw materials to keep the plant’s two blast furnaces going. ‘I do not want these powers any minute longer than is necessary, but I do need these powers to rectify and save this situation’, he told the House. But, in the key admission of today’s debate, Reynolds told MPs that nationalisation remains ‘the likely option’ in the long term.
That came as no surprise to the 300-odd MPs, hastily assembled for the first Saturday recall of the Commons since the Falklands War.
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