Nationalization: An idea that has come full circle

[ad_1] Almost 46 years after former British Prime Minister Margaret Thatcher privatized British Petroleum and embarked on a spate of privatizations, including British Airways, British Telecom and British Steel, during the 1980s and 1990s, the UK Parliament set the clock back. In an emergency session late last week, it passed a law allowing the government…

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UK passes emergency law to save last British factory making steel, takes control of struggling Chinese-owned plant

[ad_1] The UK passed an emergency law on Saturday to stop the last British factory that can make steel from scratch shutting down, allowing the government to take control of the struggling Chinese-owned British Steel plant. The site in northern England had faced imminent closure and Prime Minister Keir Starmer said urgent action was needed…

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