11/05/2026
British Steel is set to be nationalised — and it’s not just an industrial story. 🏭
The government has been spending £1 million a day to keep the Scunthorpe steelworks running. Total costs already top £377 million, with projections potentially reaching £1.5 billion by 2028.
For UK businesses, there’s more to watch here than the headlines suggest:
📦 Supply chain stability and steel pricing 📋 New procurement obligations on government contracts 💷 Fiscal pressure feeding into future tax decisions 📊 What nationalisation risk means for investors
We’ve broken it all down on the Amanah blog — link in bio.