Nationalisation is no spectre haunting British manufacturing

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Financial Times 3d ago

Nationalisation is no spectre haunting British manufacturing - Financial Times

Quick Summary:

Newly formed British Steel was tasked with shrinking the workforce and delivered relative success in this difficult exercise.

It may yet come down to public ownership — parliament has been recalled to hold an emergency debate this weekend on how to save Scunthorpe.

Believing that privatisation will deliver superior economic performance is an article of faith and often rests on a failure to comprehend both the purpose and intent behind earlier public enterprises.