British Steel's Public Cost: £1.3m Daily, MPs Say

Keeping British Steel in state hands costs £1.3m a day and could reach £1.5bn by 2028, Parliament's Public Accounts Committee warns. Nationalised — taken into government ownership — in July to save Scunthorpe and 4,000 jobs, the firm has no viable long-term plan, MPs say. They want ministers to publish costs, funding and decarbonisation, meaning cleaner steelmaking, details.