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It is not the government’s place to rescue British Steel

The steel-maker is not viable in the long-term and a rescue package would simply postpone the problem

By Vicky Pryce  

Photo: Danny Lawson/PA Wire/PA Images

So British Steel has gone into administration. We know that this is a blow politically for Theresa May just as people are voting in the European elections, and it will be a big personal blow for workers. But it was probably the right decision nevertheless for the government to withhold the emergency funding. It is still reported to be considering whether a part nationalisation might attract potential new investors, but it may be a forlorn hope.

You probably remember the struggling steel industry…

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