Labour announces new plan to save British Steel
Labour has just announced that it will nationalise British Steel in government, to save thousands of jobs in the north of England.
Labour leader Jeremy Corbyn said:
The collapse of British Steel would be devastating for thousands of jobs in Scunthorpe, and could have major knock on effects on wider supply chains.
Just as they were under Thatcher, our communities are being betrayed by a Tory government whose free market obsession is threatening Britain’s vital manufacturing base.
Britain’s proud steel industry has a major role to play in ushering in a Green Industrial Revolution, securing British manufacturing for a sustainable, green future. It needs support, not a death warrant.
If an agreement cannot be struck, the government must be prepared to take a public stake in the company to secure the long term future of the steelworks and protect peoples’ livelihoods and communities.
The Tories failed to save the Teesside steel industry through their inaction. The UK imports millions of tons of steel each year.
This is what fighting for working-class interests looks like. Anyone tempted to fall for Farage’s ploy of piggybacking Thatcherism on the back of justified anger about anti-democratic moves to prevent Brexit should take note.
Only Labour is fighting for the many.
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