It’s not too late to nationalise British Steel

Andrew Pendleton writes for New Statesman

Andrew Pendleton wrote for New Statesman about the fate of British Steel, and why it’s time to rethink a failed economic model.

At stake is not just one firm, its 4,400 employees, the 25,000 people who work in its supply chain and the estimated cost to the UK economy of £2.8bn in lost earnings over the next decade. The future of a whole town – a steel town since the mid 19th Century – its identity, the businesses that depend on people’s wages and any sense of future hope is what the closure of Scunthorpe’s steelworks will call into question.”

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Image: Marcus Burkle on Pexels

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