UK’s Shadow Business Secretary Calls to Nationalise Liberty Steel
UK’s Shadow Secretary of State for Business, Energy and Industrial Strategy Mr Ed Miliband, terming Liberty Steel situation as urgent and worrying, told BBC that UKgovernment should nationalise Liberty Steel if necessary. Mr Milliband told the BBC “The plants are a crucial part of our strategic infrastructure, are crucial for the aerospace sector to automotive. Let's hope that Liberty steel can find that the refinancing that it's looking for but the government needs a plan B to make sure whatever happens, these jobs are saved.”
Mr Miliband said the government needs to consider every option available to save the company. Je said "If there's one lesson we learned from this pandemic it's that our strategic infrastructure, our resilience really matters. And steel is a key part of our strategic infrastructure and resilience. We cannot afford to let these jobs go. UK Government has got to make sure it doesn't happen. These are crucial jobs for communities up and down this country."
Liberty owns 12 steel plants in the UK, including at Rotherham, Motherwell and Newport, and employs 5,000 people. The collapse of the company's main financial backer, Greensill Capital, last week has sparked grave concerns about the future of those jobs.