Just like in Britain after WW-II, major industries were forced to sell themselves to the government. These government run British industries, like coal mining, were run with enormous deficits solely to benefit the unions and crippled the British economy for decades. It took Margaret Thatcher to undo this mess and restore at least some sanity to the British economy. Let us hope we can have another Thatcher or Reagan to quickly lead us out of this mess.
It’ll just be another money pit for taxpayers - a way to reward benefactors at the expense of the entire country.
They just should have gone bankrupt the usual way, dumped the unions, negotiated down debt and got on with business.