Find a Credible Plan for British Steel, Ministers Told as 'Startling' Costs Soar The UK's decision to nationalize British Steel has raised more questions than answers.
While Labour's intention to protect jobs is commendable, the current strategy appears to be throwing good money after bad without a clear plan for the company's future. As of writing, the government is shelling out £1.
3 million per day to keep British Steel afloat, with estimated costs reaching as much as £1. 5 billion by 2028.